A recent DC Circuit Court of Appeals challenge to a FINRA enforcement action brings into question whether FINRA should be held accountable to constitutional restrictions on state action. Katten takes a look at the challenge and its potential far-reaching implications on the constitutionality of FINRA’s regulatory program and enforcement function, and by extension, those of other self-regulatory organizations (SROs).
| less than a minute read
Recent DC Circuit Court of Appeals Case Brings FINRA to the Forefront of the SRO State Actor Controversy


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