Jump to Navigation

Blog Topic

FINRA Arbitration


SEC Accepting Comments on Public Arbitration Pilot Program
Posted by: Robert Rex
December 01, 2010

Until December 6th, 2010, the SEC will be accepting comments from the public on FINRA's proposal to permanently give investors the option of having their cases heard by all-public arbitration panels. Until now, FINRA panels have typically been composed of two public arbitrators and one arbitrator that represents the securities industry. This has led some investors to perceive that the system is biased, and in 2008 FINRA began a test program where some cases were heard by all-public arbitration panels.

FINRA has now proposed to make the rule changes set forth in the pilot program permanent for all investors. In our opinion this is a change that is favorable for investors and is one which we support. The SEC will be accepting comments from the public and securities law professionals on the proposed change through their website until Decemeber 6th.

Your input is important. Click Here to leave a comment with the SEC.

Permalink