Glaser Weil’s Marc Indeglia Quoted in Bloomberg Law on FINRA Expulsion Practices

Glaser Weil Corporate Partner Marc Indeglia was interviewed by Bloomberg Law for an article analyzing the implications of a recent D.C. Circuit Court ruling that may significantly alter FINRA’s expulsion practices.

Indeglia, co-chair of the Firm’s Corporate Department and president of the Small Public Company Coalition, noted the importance of the court’s decision in shaping FINRA’s authority and procedures. The D.C. Circuit had “a very significant holding regarding Finra authority, which is that its procedure of expelling Alpine on an expedited basis was invalid,” Indeglia said.

He further reflected on FINRA’s expanded influence over time, stating, “It wasn’t always that FINRA was the only game in town. It wasn’t always that they had so much power.” He emphasized that the case has broader implications for the brokerage industry and could ultimately shape how self-regulatory organizations enforce their rules moving forward.

Read the full article.