‘Utterly Unaccountable’: Securities Broker Asks Supreme Court to Block FINRA Proceeding

Lawyers for broker-dealer Alpine Securities Corp. took aim at the private enforcement powers of the Financial Industry Regulatory Authority in a new Supreme Court appeal that could spell trouble for the self-regulatory body.

       

Lawyers for broker-dealer Alpine Securities Corp. took aim at the private enforcement powers of the Financial Industry Regulatory Authority in a new Supreme Court appeal that could spell trouble for the self-regulatory body.