High Court Asked To Resolve Circuit Split Regarding Extent Of FINRA’s Immunity

(January 24, 2020, 9:32 AM EST) -- 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 warranted because there is a split among the circuits as to whether FINRA is entitled to absolute immunity for its investigatory conduct, the business owners and their related businesses argue in a Nov. 12 petition for writ of certiorari (John Hurry, et al. v. Financial Industry Regulatory Authority Inc., et al., No. 19-643, U.S. Sup.)....

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