SIFMA Asks 3rd Circ. To Rethink Venue For Short-Sale Spat

By Stephanie Russell-Kraft (December 23, 2014, 4:36 PM EST) -- The Securities Industry and Financial Markets Association on Monday urged the Third Circuit to rehear whether a racketeering and securities fraud suit accusing various lenders of engaging in manipulative naked short-selling should be heard in New Jersey state court, arguing the claims are based primarily on federal laws and should be heard in federal court....

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