Judge lets Finra proceed with enforcement action against broker
'If Finra doesn’t have the ability to enforce its own rules and discipline its members, then chaos will reign,' says PIABA President Hugh Berkson.
A federal judge last week denied a broker's effort to stop Finra from disciplining him.
Eugene H. Kim filed a lawsuit in a Washington, D.C., federal court against the Financial Industry Regulatory Authority in August challenging its enforcement authority. In July, the broker-dealer self-regulator
Learn more about reprints and licensing for this article.
