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FINRA Merger Immunity Ruling Appealed To High Court

By Christopher Norton ( September 30, 2011, 5:28 PM EDT) -- Standard Investment Chartered Inc. asked the U.S. Supreme Court last week to revive its putative class action alleging misrepresentation about the merger that created the Financial Industry Regulatory Authority, in which the Second Circuit held FINRA has immunity as a self-regulatory organization....

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