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https://www.barrons.com/advisor/articles/finra-constitutional-challenge-lawsuit-63b4407b

Finra Faces ‘Existential Crisis’ as New Lawsuit Challenges Its Constitutionality

By
Kenneth Corbin
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Finra, the brokerage industry’s self-regulatory organization, is facing a lawsuit arguing that its in-house enforcement and arbitration system is unconstitutional.

The complaint, which was filed July 10, follows a U.S. Supreme Court decision that dramatically curtailed the Securities and Exchange Commission’s internal judicial system, and adds to the legal challenges facing Finra, which is a nongovernmental entity overseen by the SEC.

The...

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