Regulators Fight Injunction In Securities America Suit

Law360, New York (March 15, 2011, 7:17 PM EDT) -- A nonprofit representing state securities regulators asked a Texas federal judge Monday to reject a preliminary injunction that would halt its investigations into Securities America Inc., opposing part of the broker-dealer's $21 million settlement of three proposed class actions.

The North American Securities Administrators Association Inc. — which represents state, provincial and territorial securities regulators in the U.S., Canada and Mexico — argued it should be allowed to continue administrative proceedings against Securities America in Massachusetts and Montana, according to a brief filed in the U.S....
To view the full article, register now.




Case Information

Case Title

Billitteri et al v. Securities America, Inc. et al

Case Number



Texas Northern

Nature of Suit

Fraud or Truth-In-Lending


Jorge A Solis

Date Filed

August 24, 2009

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.