Lawsuit Counter Claim: FINRA Actions Led to Fraud Accusations Against Non-Members
Financial Industry Regulatory Authority (Finra) is a non-profit organization which, through Congressional authorization, oversees the actions of broker-dealers and 634,000 member brokers who are involved in the securities markets. When one of its members violates its rules or securities laws, they sanction the firm or individual by imposing fines, disciplinary actions and, if egregious enough, …