FINRA Proposes Merger of Dispute Resolution and Regulatory Subsidiaries

FINRA proposed a rule change that would merge its dispute resolution subsidiary, FINRA Dispute Resolution, Inc. "into and with" its regulatory subsidiary, FINRA Regulation, Inc. According to the filing, FINRA would make conforming amendments to the Delegation Plan, amend the FINRA Regulation By-Laws to incorporate unique provisions from the FINRA Dispute Resolution By-Laws and to make other conforming amendments, delete the FINRA Dispute Resolution By-Laws, and make conforming amendments to FINRA rules. The proposed rule change would also amend the FINRA Regulation By-Laws to increase the total number of directors who could serve on the FINRA Regulation board.