Court Finds SROs Immune From Lawsuit Over Bylaw Changes to Effect FINRA Creation

published Feb 23, 2011
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Broker-Dealers: The U.S. Court of Appeals for the Second Circuit Feb. 22 dismissed a broker-dealer's lawsuit against the Financial Industry Regulatory Authority, NASD, and New York Stock Exchange Group Inc. for alleged misstatements in a proxy to solicit member approval for bylaw changes that ultimately created FINRA (Standard Investment Chartered Inc. v. NASD, 2d Cir., No. 10-945-cv, 2/22/11).

Source: BNA - Securities Law Daily
Document ID: A0C6M0X0V6_sld-bul
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