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…
Summary
Court:
U.S. Court of Appeals
(Ninth Circuit)
Amicus Issue:
Whether claimants, who invested in a private equity fund operated as a Ponzi scheme by a firm-registered broker, are “customers” of the broker-dealer firm, as that term is used in FINRA Code of Arbitration Procedure Rule 12200, such that the claimants can compel the firm to arbitrate a dispute between the parties in FINRA’s arbitration forum.
Counsel of Record:
Sullivan & Cromwell LLP
Robert J. Giuffra, Jr.
Morgan L. Ratner
Jason P. Barnes
Other Amici:
None.
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Cboe Exchange v. SEC
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Type:
Recommendations on Reforms to the Consolidated Audit Trail
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