D.C. Circuit Grants Preliminary Injunction Of FINRA Expulsion Until SEC Review

A broker is entitled to a preliminary injunction until the U.S. Securities and Exchange Commission can review the Financial Industry Regulatory Authority’s (FINRA) decision to expel the broker for violating a cease-and-desist order, a divided panel of the District of Columbia Circuit U.S. Court of Appeals held, agreeing with the broker that it would irreparably harmed by being expelled before the decision could be reviewed…

December 4, 2024

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Originally Published in Mealey's