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Court actions challenging self-regulatory organizations' constitutionality – including one targeting the municipal securities market's principal regulator – could upend the regulatory framework in the U.S., potentially igniting a financial crisis, a law professor said.

Testimony wrapped up on Wednesday in the formal State Bar of Nevada hearing held to determine whether Clark County Commissioner Justin Jones should forfeit his law license.

Clark County Commissioner Justin Jones told a three-person panel deciding whether to disbar him that he made a “stupid mistake” when he wiped his phone clean of text messages related to a lawsuit over a proposed real estate development.

The family of a man who was found dead inside his room from a fentanyl overdose after a robbery by a sex worker at a Strip resort in 2023 has sued the owners of the hotel.

As the federal government reduces criminal prosecution of white-collar crime, states are now courting businesses by competing with one another to further shield corporate executives from legal actions that aim to hold them accountable for wrongdoing.

Alpine Securities is asking the U.S. Supreme Court to consider taking its years-long case against the Financial Industry Regulatory Authority, potentially setting up a showdown that could cripple the brokerage regulator—and other self-regulatory organizations like it.

A broker fighting with the Financial Industry Regulatory Authority over being barred is using Supreme Court decisions from the past year in his motion to overturn his case. It’s the latest case questioning FINRA's constitutionality, with attorneys representing the client thinking this case (or one like it) could go before the Court in several years’ time.

The latest development in a heated years-long legal battle between Utah-based brokerage Alpine Securities and its regulator, the Financial Industry Regulatory Authority (FINRA), has added more uncertainty over the future of market regulation.