"Restraint Of Trade" is any activity that prevents another party from conducting business as they normally would without such a restraint. Restraint Of Trade is rooted in English common law and codified under the Clayton Act and the Federal Trade Commission Act. Courts will readily find that the proposed FINRA Regulation #22-08 constitutes Restraint Of Trade and will readily impose penalties on FINRA and its Directors under civil Class Action litigation. FINRA is flirting with costly and embarassing court losses. This is a foolhardy venture for FINRA.
Robert Marsh Comment On Regulatory Notice 22-08
"Restraint Of Trade" is any activity that prevents another party from conducting business as they normally would without such a restraint. Restraint Of Trade is rooted in English common law and codified under the Clayton Act and the Federal Trade Commission Act. Courts will readily find that the proposed FINRA Regulation #22-08 constitutes Restraint Of Trade and will readily impose penalties on FINRA and its Directors under civil Class Action litigation. FINRA is flirting with costly and embarassing court losses. This is a foolhardy venture for FINRA.