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Scottsdale Capital Advisors v. Financial Industry Regulatory

  1. March 21, 2017

    Scottsdale Urges Supreme Court To Revive FINRA Challenge

    Microcap broker-dealer Scottsdale Capital Advisors Corp. has asked the U.S. Supreme Court to review a Fourth Circuit opinion rebuffing its challenge to the Financial Industry Regulatory Authority's power, saying forcing firms to face first FINRA and then the U.S. Securities and Exchange Commission would "gut" high court precedent.

  2. December 20, 2016

    4th Circ. Says FINRA Challenge Must Go To SEC First

    The Fourth Circuit on Tuesday found microcap broker-dealer Scottsdale Capital Advisors Corp. can't challenge the Financial Industry Regulatory Authority's power in federal court, because Congress gave exclusive review of FINRA rules and decisions to the U.S. Securities and Exchange Commission.

  3. August 15, 2016

    Scottsdale Tells 4th Circ. FINRA Can't Dispute Overreach

    Microcap broker-dealer Scottsdale Capital Advisors Corp. urged the Fourth Circuit on Friday to revive its challenge to the Financial Industry Regulatory Authority's power, saying the agency is clearly limited from bringing charges under the Securities Act.

  4. July 29, 2016

    FINRA Tells 4th Circ. Scottsdale's Challenge To Its Power Fails

    The Financial Industry Regulatory Authority pushed the Fourth Circuit on Thursday to affirm the dismissal of Scottsdale Capital Advisors Corp.'s challenge to the agency's authority, saying the brokerage is trying to circumvent the established review process for disciplinary actions.

  5. May 16, 2016

    4th Circ. Denies Fast Track For Scottsdale's FINRA Challenge

    The Fourth Circuit declined Monday to speed up Scottsdale Capital Advisors Corp.'s challenge to the authority of the Financial Industry Regulatory Authority, setting a briefing schedule that lasts until mid-August — long after the brokerage's scheduled June disciplinary hearings before the regulator.

  6. May 09, 2016

    Brokerage Tells 4th Circ. To Speed Up Appeal On FINRA

    A brokerage challenging the Financial Industry Regulatory Authority's power asked the Fourth Circuit to expedite its appeal Friday, arguing that the agency has not shown any evidence it would be harmed if the process were sped up.