Aerial photographer Raphael Pirker flew a small drone near the University of Virginia while making a commercial video in October 2011.  In what appears to be a premature effort to regulate the commercial use of drone aircraft in US airspace, the FAA fined Pirker $10,000.  Pirker appealed, and the appeals court found that the FAA does not have any regulatory authority to govern model aircraft (toys) flights or those that classify model aircraft as an “unmanned aircraft”, meaning a drone.

Read the full article, HERE, from Market Watch.