SEC Approves Amendments to FINRA Arbitration Rule


On April 20, pursuant to the Dodd-Frank Act, the SEC approved amendments to FINRA Rule 13201 of the Code of Arbitration Procedure for Industry Disputes (Industry Code). The amendments provide that a dispute arising under a whistleblower statute that prohibits the use of pre-dispute arbitration agreements is not required to be arbitrated under the Industry Code. The amendments to the rule will be effective on Mary 21, 2012. FINRA Regulatory Notice.