Absolute Immunity for FINRA: FUHGEDDABOUDIT |
| October 25, 2011 | October 2011 Bond Updates |
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Should FINRA, the brokerage industry’s self- regulatory organization, have absolute immunity from lawsuits—even when FINRA issues a false and misleading proxy statement to its membership? As a former SEC attorney and owner of a FINRA-member brokerage for more than 20 years, in 2008 I thought the answer to this question was pretty simple. Almost four years later, I’m still waiting to learn whether FINRA is accountable to anyone. |
| View more at: http://www.forbes.com/sites/edwardsiedle/2011/10/25/absolute-immunity-for-finra-fuhgeddaboudit/ |
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