Wednesday, December 16, 2020 2:01:39 AM
Courts have repeatedly held that an “SRO (self-regulatory organization, speaking of FINRA) and its officers are entitled to absolute immunity from private damages suits in connection with the discharge of their regulatory responsibilities.”
However, Federal Tort Claims Act (FTCA), a 1946 law that allows US citizens to sue government agencies. Under this law, government agencies have “sovereign immunity” from liability for discretionary acts, but may be held liable in some cases for failing to perform “nondiscretionary duties.”
What ever attorney you speak too will most likely cover this with you. Keep in mind, the retainer is going to be steep. Good Luck
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