Christian Kemnitz

Sep 8, 2023 | mondaq.com | James Brady |Michael Diver |Danette Edwards |Christian Kemnitz

On August 16, Instinet, LLC (Instinet or the Firm) agreed to pay a $3.8 million fine to settle an enforcement action with the Financial Industry Regulatory Authority (FINRA) regarding its alleged failure to comply with certain of its Consolidated Audit Trail (CAT) reporting obligations.1 This case is FINRA's first significant enforcement action in the CAT space and should prompt member firms to revisit the efficacy of their CAT compliance programs.

Aug 2, 2023 | jdsupra.com | David Goldberg |Christian Kemnitz |Casey McClaren

The US Supreme Court recently issued a decision in Mallory v. Norfolk Southern Railway Co1 holding that a Pennsylvania statute requiring corporations to "consent" to suit in Pennsylvania courts in order to register to do business in Pennsylvania does not violate the Due Process Clause of the US Constitution.

Jul 18, 2023 | mondaq.com | James Brady |Daniel Davis |David Goldberg |Christian Kemnitz

A DC Circuit Court of Appeals challenge to a recent Financial Industry Regulatory Authority (FINRA) enforcement action brings into question whether FINRA should be held accountable to constitutional restrictions on state action.