US SEC urges judge to toss suit challenging FINRA authority

The US Securities and Exchange Commission (SEC) has urged a Maryland judge to dismiss a lawsuit challenging the powers of the Financial Industry Regulatory Authority (FINRA), arguing that matter is not yet ready for a court to look at.

By Ed Beeson (April 18, 2016, 8:13 PM EDT) -- The U.S. Securities and Exchange Commission on Monday urged a Maryland federal judge to dump a lawsuit challenging the powers of the Financial Industry Regulatory Authority, saying that the matter isn't yet ripe for a federal court to look at....

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