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 2017)
    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."
    • Changes to Expungement Requests
      As of January 1, 2016, FINRA will ask parties requesting expungement to provide new information to ensure the accurate and timely processing of all expungement requests.
  • 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.