PIABA Loses FOIA Suit Against SEC Seeking FINRA Arbitration Program Records

PIABA Loses FOIA Suit Against SEC Seeking FINRA Arbitration Program Records

sacarbitration.com (November 20, 2014) -- Right after we went to press last week came news that the D.C. Circuit had ruled against PIABA in its suit against the SEC seeking disclosure under the Freedom of Information Act (“FOIA”) of records pertaining to the FINRA Dispute Resolution forum.

The underlying suit in Public Investors Arbitration Bar Ass’n. v. SEC, No. 13-5137 (D.C. Cir. Nov. 14, 2014), which dates back to 2010, did not involve FINRA as a party. PIABA had made a FOIA request to the SEC seeking “records related to