Proposed Rule Change to Amend the Discovery Guide Used in Customer Arbitration Proceedings

Financial Industry Regulatory Authority, Inc. ("FINRA") is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend the Discovery Guide ("Guide") used in customer arbitration proceedings to provide general guidance on electronic discovery ("e-discovery") issues and product cases and to clarify the existing provision relating to affirmations made when a party does not produce documents specified in the Guide. The proposed rule change fulfills FINRA's commitment to review the topics of e-discovery and product cases with the Discovery Task Force ("Task Force") that FINRA established in 2011. FINRA believes that the proposed revisions to the Guide will reduce the number and limit the scope of disputes involving document production in customer cases, thereby improving the arbitration process for the benefit of public investors, broker-dealer firms, and associated persons.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 134.34 KB
Federal Register NoticePDF - 211.51 KB
Extension No. 1PDF - 26.79 KB
Amendment No. 1 and Response to CommentsPDF - 82.05 KB
Approval OrderPDF - 194.81 KB