Does FINRA Accurately Seed Enforcement Issues?

Law360, New York (May 17, 2011, 2:14 PM EDT) -- Earlier this spring, with much anticipation, American sports fans waited for the announcement of the NCAA men’s basketball tournament seeds on Selection Sunday. Many wondered whether Duke would again be ranked No. 1 in its region (as it usually should be).[1] And once the teams were ranked and March Madness play began, many hoped to see a Cinderella team slay a seemingly unbeatable Goliath (to mix fairy tales and Bible stories).[2]

Similarly, every spring, officials from the Financial Industry Regulatory Authority (and its predecessor, NASD) announce...
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