Panel Finds No Abuse Of Discretion In Court’s Injunction Ruling In SEC Suit

Mealey's (May 31, 2019, 2:26 PM EDT) -- NEW YORK — A federal district court did not abuse its discretion in enjoining a clearing firm and introducing broker under the first-filed rule from bringing an action against the Securities and Exchange Commission in federal court in Utah, a Second Circuit U.S. Court of Appeals panel ruled May 28 (United States Securities and Exchange Commission v. Alpine Securities Corp., No. 17-4179, 2nd Cir., 2019 U.S. App. LEXIS 15691)....