Hedge Fund Asks 2nd Circ. To Revive SunTrust MBS Suit
Turnberry, which purchased the SunTrust-issued mortgage-backed securities from broker Raymond James & Associates Inc. in June 2007, argued that FINRA supports a broad definition of “customer” that would include the hedge fund.
U.S. District Judge Naomi Reice Buchwald ruled in May that Turnberry couldn't force SunTrust...
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