FINRA Approves Permanent Customer Option to Choose All-Public Arbitration Panel in All Cases


Effective February 1, customers in Financial Industry Regulatory Authority arbitration may choose an all-public arbitration panel in disputes in which the customer is claiming over $100,000. For such claims, customers may still choose a majority-public panel, which provides for a panel of one chair-qualified public arbitrator, one public arbitrator and one non-public arbitrator. The amendments apply only to customer disputes; they do not apply to disputes involving only industry parties. According to the Regulatory Notice, FINRA believes giving customers the option of an all-public panel will enhance confidence in and increase the perception of fairness in the FINRA arbitration process.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Katten Muchin Rosenman LLP | Attorney Advertising

Written by:


Katten Muchin Rosenman LLP on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.