Fighting FINRA Pays Off: Sutherland Study

Law360, New York (May 12, 2008, 12:00 AM EDT) -- Although financial services firms often choose to settle cases filed by the Financial Industry Regulatory Authority, a new study has suggested that fighting the cases might pay off for firms, regardless of the outcome.

The study, completed by Sutherland Asbill & Brennan LLP and made public on Monday, shows that of the 72 cases that were litigated during 2007, targeted firms and representatives who challenged the allegations succeeded in convincing the FINRA hearing panel to dismiss eight (11%) of the charges.

“Many firms and registered representatives...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.