Kim v. Financial Industry Regulatory Authority, Inc.

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA EUGENE H. KIM, Plaintiff, v. Civil Action No. 1:23-cv-02420 (ACR) FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC., Defendant, UNITED STATES OF AMERICA, Intervenor. MEMORANDUM OPINION In 1790, Philadelphia merchants meeting at a coffee house formed the nation’s first stock exchange, giving rise to the Philadelphia Stock Exchange. Two years later, New York brokers meeting under a buttonwood tree negotiated an agreement to regulate traders, giving rise to the New York Stock Exchange. Since the Republic’s early days, private organizations…