Arbitration Special Procedures
- Auction Rate Securities (ARS)
Investors covered by auction rate securities final settlements with the SEC, FINRA, and the states may participate in a Special Arbitration Process (SAP) to recover consequential damages.
- Disputes Between Investors and Investment Advisers Who are not FINRA-Regulated Firms
FINRA will accept disputes between investors and investment advisors who are not FINRA-regulated firms, provided certain conditions are met.
- Expedited Proceedings for Seniors & Seriously Ill Parties
Dispute Resolution may expedite arbitration proceedings in matters involving seniors or seriously ill parties.
- Expungement (updated September 2015)
Brokers may seek to have a reference to allegations or involvement in an arbitration removed from their Central Registration Depository (CRD®) System records. The process of removing this information from the CRD system is called "expungement."
- Guidance in Cases Involving Puerto Rico Bonds
Over the past several months, FINRA has received an influx of arbitration case filings relating to Puerto Rico bonds from Claimants, almost all of whom reside in Puerto Rico. FINRA staff has had numerous conversations and communications with counsel for Claimants and Respondents, including an in-person meeting, concerning administration of these cases.
- Short List Option to Reduce Extended List Appointments
In an effort to increase the parties' input into selecting replacement arbitrators, FINRA allows parties to agree to review a "short list" of potential arbitrators to find a replacement, rather than accept an extended list appointment.
- Simplified Arbitrations
The simplified arbitration rules apply to arbitrations involving $50,000 or less, exclusive of interest and expenses.
- Voluntary Program for Large Cases
The program enables parties to customize the administrative process to better suit the special needs of a large case.