Litigating Against SEC, FINRA Can Pay Off: Study

Law360, New York (February 5, 2009, 12:00 AM EST) -- Broker-dealers and registered representatives should sometimes consider fighting charges filed by securities regulators rather than automatically pursuing a settlement, a new study suggests.

In an analysis of a year's worth of litigated disciplinary proceedings filed by the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority, a study done by attorneys at Sutherland Asbill & Brennan LLP found that many broker-dealer firms and their registered representatives have what may sometimes be a baseless fear of litigating against regulators, depending on the case.

“Respondents fear...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.