Erchid Law Firm Announces Lawsuit Against FINRA for Violation of the Sherman Act

Tampa, FL - Attorney Roza Tawil of Erchid Law Firm has announced that she has filed a lawsuit against the Financial Industry Regulatory Authority (FINRA) for violating the Sherman Antitrust Act. The lawsuit names Ms. Tawil herself as the Plaintiff and alleges that FINRA has engaged in anti-competitive practices that have harmed competition and consumers in the financial industry. 

According to the complaint, FINRA has engaged in anticompetitive behavior by imposing unfair and anti-competitive restrictions on its members. These restrictions have limited competition and innovation in  the financial industry. The complaint further alleges that FINRA has used its regulatory authority to stifle competition and protect its own interests. 

Ms. Tawil is confident that her claims are well-founded and supported by strong evidence. The firm will vigorously pursue this case and seek answers for the shareholders of MetaMaterials Series A Preferred shares ($MMTLP) and Next Bridge Hydrocarbons, Inc. 

Commenting on the lawsuit, Ms. Tawil stated: "We believe that FINRA's actions have has a detrimental impact on competition in the financial and investment industries. These shareholders have been unfairly restricted from competing on a level playing field, and we intend to hold FINRA accountable for its anticompetitive behavior and demand they turn over an accounting of all share exchanges including short positions and short volume on Series A Preferred share of MetaMaterials, known by its stock symbol $MMTLP." 

This lawsuit is significant not only for its potential impact on the financial industry, but also for the broader implications it may have on antitrust law. The Sherman Antitrust Act is a cornerstone  of American antitrust law and this lawsuit will test the boundaries of how it can be applied in the context of regulatory agencies. 

Erchid Law Firm is committed to defending the rights of its clients and promoting fair competition in the marketplace. The firm is proud to take on this important case and looks forward to fighting for its client's rights in court. 

For more information, please contact Erchid Law Firm at 813-631-7226. 

4/28 - Plaintiff's Motion for Leave to Amend Complaint and Proposed Amended Complaint
Most Recent Filing - Plaintiff's Opposition to Defendant's Motion to Dismiss