High Court Review Of Absolute Immunity Ruling Not Warranted, FINRA Argues

(April 14, 2020, 5:44 PM EDT) -- WASHINGTON, D.C. — U.S. Supreme Court review of a Ninth Circuit U.S. Court of Appeals panel’s ruling upholding the dismissal of claims brought by two business owners and several businesses they owned stemming from the Financial Industry Regulatory Authority’s (FINRA) seizure of materials and information during a raid of one of the businesses is not warranted because no circuit split exists as to whether FINRA is entitled to absolute immunity for its investigatory conduct, FINRA and its former regional deputy counsel argue in a March 13 respondents’ brief filed in the Supreme Court (John Hurry, et al. v. Financial Industry Regulatory Authority Inc., et al., No. 19-643, U.S. Sup.)....