August 15, 2022

Comment Deadline Set for FINRA Proposal on Expungement of Customer Complaint Information

Comments on a FINRA proposal to amend the Code of Arbitration Procedure for Customer Disputes ("Customer Code") and the Code of Arbitration Procedure for Industry Disputes ("Industry Code") are due by September 6, 2022. The Notice was published in the Federal Register.

As previously covered, the proposal would (i) impose additional requirements for expunging customer dispute information and (ii) update the Customer Code to specify procedures for requesting expungement of customer dispute information during simplified arbitrations.

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