The Georgia Republican Party v. Securities and Exchange Commission
Court of Appeals for the Eleventh Circuit
1Opinion of the Court
JULIE CARNES, Circuit Judge:
In 2015, the Financial Industry Regulatory Authority ("FINRA"), a self-regulatory organization operating under the auspices of the Securities and Exchange Commission, proposed adopting Rule 2030-a regulation governing the political contributions of FINRA members who solicit government officials for investment advisory services contracts. A year later, after notice and comment, the Commission issued an order approving the Rule.
The Georgia Republican Party, the New York Republican State Committee, and the Tennessee Republican Party filed a petition challenging the…
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