Finra

Central Registration Depository v. FINRA

Good Law
459 F. App'x 662
United States Court of Appeals for the Ninth CircuitNovember 23, 201110-56121California343 words

Opinion

Opinion

MEMORANDUM

Paul Merritt Christiansen, identifying himself as Central Registration Depository No. 1346377 (“Christiansen”), appeals pro se from the district court’s order dismissing his action against the Financial Industry Regulatory Authority (“FIN-RA”) alleging violation of his right to be nominated for and serve on FINRA’s Board of Directors and disclosure of false and injurious information about him to a prospective employer through its Central Registration Depository (“CRD”) computer database. We have jurisdiction under 28 U.S.C. § 1291 . We review de novo the district court’s dismissal under Fed.R.Civ.P. 12(b)(6). Caviness v. Horizon Cmty. Learning Ctr., Inc., 590 F.3d 806, 811-812 (9th Cir.2010). We may affirm on any ground supported by the record. Shanks v. Dressel, 540 F.3d 1082, 1086 (9th Cir.2008). We affirm.

The district court properly concluded that FINRA enjoys absolute immunity from money damages for its regulatory activity, including the maintenance and disclosure of information regarding stockbrokers through the CRD database. See Sparta Surgical Corp. v. Nat’l Ass’n of Sec. Dealers, Inc., 159 F.3d 1209, 1214 (9th Cir.1998) (“[The] NASD has immunity when acting…

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