THE IAVARONE LAW FIRM SEEKS INJUNCTION AGAINST FINRA ON BEHALF Of BROKERS TO CEASE ENFORCEMENT OF “TAPING RULE”
The Iavarone Law Firm has filed a class action suit in federal court in Chicago to enjoin the Financial Industry Regulatory Authority (FINRA) from enforcing its “taping rule” involving brokers who had been associated with what FINRA designates as a “Disciplined Firm.” The “taping rule” requires broker/dealers to institute taping of broker telephone conversations and instituting heightened supervision procedures when the number of “tainted” brokers employed by the firm reaches certain levels. The lawsuit alleges that, by not providing brokers who were previously registered with a “Disciplined firm” a means to establish that they did not participate in the firms wrongful conduct, FINRA is denying the brokers of due process of law. Read the complaint.>
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Click On The Book Cover To Read An Excerpt About Nick’s Prosecution Of A Notorious Mob Hit Man
“With Harry under indictment for murder, rumors were rife that outfit bosses had imported a hit squad from California to take out Iavarone . . .”
