Legal Opinion
Aslin v. Financial Industry Regulatory Authority, Inc.
Court of Appeals for the Seventh Circuit
Decided January 2, 2013No. 12-2250PublishedCited by 31 opinions
1Opinion of the Court
HAMILTON, Circuit Judge.
On May 4, 2011, BEST Direct fired Neil Aslin from his job as a securities broker in order to remain compliant with a Financial Industry Regulatory Authority (FINRA) rule known as the “Taping Rule.” The rule requires a securities firm to adopt significant monitoring measures when too many of its brokers have recently worked for “Disciplined Firms.” Instead of adopting those monitoring measures, the employer also has the choice of terminating the employment of enough such brokers, and that is what BEST Direct did. Aslin then filed this suit alleging that FINRA violated…
2Cases cited13 opinions
- Bivens v. Six Unknown Named Agents of Federal Bureau of NarcoticsSupreme Court of the United States · 1971
- City of Los Angeles v. LyonsSupreme Court of the United States · 1983
- United States v. W. T. Grant Co.Supreme Court of the United States · 1953
- Honig v. DoeSupreme Court of the United States · 1988
- Southern Pacific Terminal Co. v. Interstate Commerce CommissionSupreme Court of the United States · 1911
8 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- J.P. Morgan Chase Bank, N.A. v. Jeffrey McDonaldCourt of Appeals for the Seventh Circuit · 2014
- Birkelbach v. Securities & Exchange CommissionCourt of Appeals for the Seventh Circuit · 2014
- National Horsemen's Benevolent v. BlackCourt of Appeals for the Fifth Circuit · 2022
- Schouten v. Jakubiak (In re Jakubiak)United States Bankruptcy Court, E.D. Wisconsin · 2018
- Zola v. TD Ameritrade, Inc.District Court, D. Nebraska · 2016
26 more not listed; retrieve them via the Exa API.