FINRA Fires Back At Disciplined Broker's Privacy Claims

Law360, New York (March 5, 2014, 5:08 PM EST) -- The Financial Industry Regulatory Authority on Tuesday shot back at claims that it violated a former broker's privacy by continuing to disseminate information about a 1997 disciplinary settlement, asserting that it has "absolute immunity" from claims related to its regulatory acts.

In its motion to dismiss the suit filed in the Southern District of New York, FINRA presented several reasons for canning Alan Santos-Buch's claims that the self-regulatory organization had "destroyed his life both from a reputational, financial and emotional standpoint" by using recent rule amendments...
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Case Information

Case Title

Santos-Buch v. Financial Industry Regulatory Authority

Case Number



New York Southern

Nature of Suit



Shira A. Scheindlin

Date Filed

February 3, 2014


Government Agencies

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