A Federal Appeals Court's 'Rude Wake-Up Call' for Finra Enforcement

Also, CFTC sues several states over prediction market oversight; Coinbase fires warning shot on SEC's innovation exemption; CFPB union blasts new restructuring plan

[Note to readers: Capitol Account will be off tomorrow for Good Friday.]

Conservatives who have been on a mission to constrain Finra have yet to see their efforts come to fruition, despite filing a flurry of challenges to its oversight power in the federal courts. But a recent Sixth Circuit decision is giving opponents hope that the tide may be turning a…