Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Friday, May 9, 2008

SEC Approves Amendment to Narrow Definition of Public Arbitrator

In recent years FINRA has narrowed the definition of "public arbitrator" to reduce the connections of the non-industry arbitrator to the securities industry.  Effective June 9, 2008, FINRA will add an annual revenue limitation to the definition of public arbitrator, set forth in the Code of Arbitration Procedure for Customer Disputes and the Code of Arbitration Procedure for Industry Disputes. The amendment, which was approved by the Securities and Exchange Commission, seeks to ensure that individuals with ties to the securities industry may not serve as public arbitrators in FINRA arbitrations

http://lawprofessors.typepad.com/securities/2008/05/sec-approves-am.html

Other Regulatory Action | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e55219c8468833

Listed below are links to weblogs that reference SEC Approves Amendment to Narrow Definition of Public Arbitrator:

Comments

Post a comment