Regulatory Notice 25-04: FINRA Rulebook Modernization
SIFMA provided comments to FINRA in response to Regulatory Notice (RN) 25-04. We welcome this effort to modernize and update…
Summary
Court:
U.S. Supreme Court (petition for writ of cert.)
Amicus Issue:
Whether a plaintiff must use an event study to prove market efficiency for purposes of the Basic fraud-on-the-market presumption of reliance. Whether, under Comcast, plaintiffs seeking class certification may rely upon damages models that include losses unrelated to the defendants’ alleged conduct.
Counsel of Record:
Michael H. Park
Patrick Strawbridge
J. Michael Connolly
Other Amici:
U.S. Chamber of Commerce
OGC-OGC-18-008
More Submissions
Type:
Data Security Reforms for Federal Financial Regulators (Joint Trades)
SIFMA, The Bank Policy Institute (BPI), the American Bankers Association (ABA), and the Managed Funds Association (MFA) provided comments to…
Type:
Cboe Exchange v. SEC
Court: U.S. Court of Appeals (Seventh Circuit) Amicus Issue: Whether the SEC properly denied CBOE’s proposed rule to reclassify order…