Regulatory Notice 17-25

SEC Approves Amendments to the Codes of Arbitration Procedure Regarding Expedited List Selection

Effective Date: September 18, 2017

Summary

The Securities and Exchange Commission (SEC) approved amendments to FINRA customer and industry arbitration rules to provide that the Director of FINRA’s Office of Dispute Resolution (ODR Director) will send lists of arbitrators to all parties at the same time, within approximately 30 days after the last answer is due, regardless of the parties’ agreement to extend any answer due date.

The amendments are effective for cases filed on or after September 18, 2017.

Questions concerning this Notice should be directed to:

  • David Carey, Associate Director, FINRA Office of Dispute Resolution, at (212) 858-4333; or
  • Mignon McLemore, Assistant Chief Counsel, FINRA Office of Dispute Resolution, at (202) 728-8151.