FINRA’s Progressive Approach: A Year of Updates in Securities Dispute Resolution

Pieter Gunst01 mins

The Financial Industry Regulatory Authority (FINRA) has had a hectic year. In its vow to operate the most extensive securities dispute resolution forum in the United States, it has undertaken continuous updates to its rules and processes aiming for a fairer, more efficient, and effective modus operandi. There have been five significant developments in the past year.

  1. Updates to the arbitrator selection process.

  2. Significant changes to the expungement process.

  3. Continued efforts to respond to COVID-19 developments.

  4. An undisclosed fourth development.

These changes have been originally published by the American Bar Association, showcasing FINRA’s progressive approach to securing efficient and effective dispute resolution in securities matters.

Legal professionals from corporations and law firms need to keep abreast of these updates to ensure they navigate the evolving landscape successfully. Every instance of rule change could potentially impact the way you represent your clients and your strategy in dealing with securities disputes.