FINRA RN: Arbitration Panel Composition for Promissory Note Proceedings

FINRA RN 11-22

May 6, 2011

FINRA announced that amendments to its rules regarding panel composition for promissory note disputes will become effective on June 6, 2011. The amendments make it so that FINRA will appoint chair-qualified public arbitrators to promissory note disputes rather than statutory discrimination qualified arbitrators.

Cross References

SEC Release No. 34-64226 (approving rule changes)

FINRA Rules 12400(c), 13802, 13806