Articles Posted in Securities

On November 22, 2024, the Court of Appeals for the District of Columbia Circuit issued its decision in Alpine Securities Corp. v. Financial Industry Regulatory Authority and discussed, although largely avoided deciding, a host of constitutional challenges to FINRA.  The scope of the court’s decision was limited by various factors, including the fact that the…

On April 4, 2024, a FINRA arbitration panel in the case of Pirchesky, et al. v. Boustead Securities, LLC, et al., FINRA No. 22-01717, awarded damages of more than $200,000, including $125,000 of punitive damages, to clients of Michael J. Betts LLC, who were the claimants in the case. The Panel found in our clients’…