A securities broker is asking the D.C. Circuit to overturn a lower court order rejecting his challenge to the power of FINRA to pursue him for alleged ethics violations.
Broker Eugene H. Kim contends the Financial Industry Regulatory Authority exercises power unconstitutionally.
Kim and the authority on Monday obtained a district court stay of the case while his US Court of Appeals to the D.C. Circuit challenge proceeds, contending that an already-pending appeal brought by Alpine Securities Corp. will likely resolve most of the issues.
Read More: FINRA Authority Fight Carries Weight But May Be a ‘Hard Ask’
- FINRA ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.