The Georgia Republican Party v. Securities and Exchange Commission, No. 16-16623 (11th Cir. 2018)Annotate this Case
Petitioners challenged the Commission's issuance of an order approving Rule 2030, a regulation governing the political contributions of FINRA members who solicit government officials for investment advisory services contracts. The Eleventh Circuit held that it could not consider the petition on the merits because the Georgia party did not have standing to challenge the Rule and this court was not the proper venue for either the New York Committee or the Tennessee Party. Accordingly, the court dismissed the Georgia Party for lack of jurisdiction, and transferred the appeal of the remaining two parties to the United States Court of Appeals for the District of Columbia Circuit.