United States Second Circuit

Fiero v. Financial Industry Regulatory Authority, Inc., 09-1556

In an action seeking a declaratory judgment that the Financial Industry Regulatory Authority, Inc, (FINRA), a self-regulatory organization (SRO), lacks the authority to bring court actions to collect disciplinary fines it has imposed, dismissal of the complaint is reversed where FINRA does not have the authority to bring court actions to collect disciplinary fines, and the money judgment on FINRA's counterclaim is vacated.

Appellate Information

• Decided 10/05/2011
• Published 10/05/2011

Judges

• WINTER

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• BRIAN D. GRAIFMAN, TERRI L. REICHER