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FINRA Amends Arbitration Codes

FINRA amended its Codes of Arbitration Procedure. The revisions make changes to the arbitrator list selection process and clarify requirements on prehearing conferences, hearings, claims and motions practice, case dismissals and hearing records.

The amendments were based on an independent review of FINRA's Dispute Resolution Services in 2022.

The amendments are effective for arbitration cases filed on or after March 4, 2024.

Primary Sources

  1. FINRA: Regulatory Notice: Amendments to the Arbitration Codes to Make Various Clarifying and Technical Changes
  2. FINRA: Report: THE REPORT OF THE INDEPENDENT REVIEW OF FINRA’S DISPUTE RESOLUTION SERVICES – ARBITRATOR SELECTION PROCESS

Tags

Regulated Activities
Arbitration / Litigation
Regulated Entities
Broker-Dealers
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
FINRA