NCLA has petitioned the U.S. Sixth Circuit Court of Appeals for a writ of mandamus to force the SEC to stop delaying its ruling on our client Eric S. Smith’s appeal of an unlawful Financial Industry Regulatory Authority disciplinary decision. FINRA banned Mr. Smith from the securities brokerage industry for life and heavily fined him based on faulty accusations and despite lacking any legal right to punish him in the first place. The SEC has refused to rule on Mr. Smith’s subsequent appeal for over three years, depriving him of his livelihood, severely damaging his reputation and business prospects, and violating his statutory and constitutional rights.

Vec and NCLA Senior Litigation Counsel Russ Ryan discuss Mr. Smith’s case.