Regulatory Notice 14-32

FINRA Amends FINRA Rule 9120 and the Definition of “Hearing Officer”

Implementation Date: August 12, 2014

Executive Summary

FINRA has amended the definition of “Hearing Officer” to include a former FINRA employee who previously acted as a Hearing Officer and who is a licensed attorney. Based on the amended definition, the Chief Hearing Officer may appoint a former employee of FINRA who previously acted as a Hearing Officer to act in an adjudicative role and fulfill the various adjudicative responsibilities and duties of a Hearing Officer described in the Code of Procedure. The implementation date of the amended definition is August 12, 2014.

The new rule text is available in the online FINRA Manual.

Questions concerning this Notice should be directed to Megan Rauch,
Counsel, Office of General Counsel, at (202) 728-8863.