Study Shows Firms Should Litigate FINRA Cases

Law360, New York (September 27, 2007, 12:00 AM EDT) -- When faced with a disciplinary proceeding brought by the Financial Industry Regulatory Authority, firms should fight rather than settle, according to a new report published by law firm Sutherland Asbill & Brennan LLP.

The report, released on Thursday, shows that of the firms that decided to litigate matters brought by FINRA (formerly the National Association of Securities Dealers), 22% were successful in winning their cases outright.

In contrast, not a single individual representative who contested allegations levied by FINRA was able to get his or her...
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