SIFMA urged the SEC to disapprove a FINRA proposal to amend arbitration procedures to impose additional requirements for expunging customer dispute information.
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SIFMA recommended changes to a FINRA proposal to impose additional requirements for expunging customer dispute information.
SIFMA requested that the SEC grant immediate remedial relief for a proposed FINRA rule on the grounds that FINRA misstated the requirements for expungement.
SIFMA argued that arbitration clauses used by SEC-regulated entities, such as broker-dealers and investment advisers, should remain regulated by the SEC and should not be subject to new Consumer Financial Protection Bureau restrictions.
Financial industry groups seek permission to file an amicus brief in a federal case involving the legal standard required to prove manipulation and attempted manipulation of a commodity price.