Fiero v. Financial Industry Regulatory Authority, Inc., Nos. 09-CV-01556, 09-CV-01863, 2011 BL 256880 (2d Cir. Oct. 5, 2011) The Financial Industry Regulatory Authority, Inc. (FINRA) lacks the authority to bring court actions to collect disciplinary fines it has imposed, the U.S. Court of Appeals for the Second Circuit determined.
Background on FINRA
Enforcement Action Against the Fieros
Authority Under the Exchange Act
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