Skip navigation

FINRA To Propose All Public Arbitrators. Is that fair?

or Register to post new content in the forum



  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Sep 28, 2010 10:29 pm

FINRA announced today that it would file a rule proposal in October to make all arbitrators public, killing off the one remaining industry person on arbitration panels.

Industry insiders say the move is an attempt to head off any action by the SEC to make arbitration in securities industry disputes non-mandatory. Under the Dodd-Frank legislation, the SEC was given the authority to make such a change, which could open securities firms up to much higher litigation costs.

My very short blog on it, here:

Sep 28, 2010 11:29 pm

The pendulum always swing too far to either side. hence, FINRA wanting to punish everyone in the industry for the actions of a few.