SR-FINRA-2014-028

Proposed Rule Change Relating to Revisions to the Definitions of Non-Public Arbitrator and Public Arbitrator

Financial Industry Regulatory Authority, Inc. ("FINRA") is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend the Code of Arbitration Procedure for Customer Disputes ("Customer Code") and the Code of Arbitration Procedure for Industry Disputes ("Industry Code") to refine and reorganize the definitions of "non-public" arbitrator and "public" arbitrator.  The amendments would, among other matters, provide that persons who worked in the financial industry for any duration during their careers would always be classified as non-public arbitrators, and persons who represent investors or the financial industry as a significant part of their business would also be classified as non-public, but could become public arbitrators after a cooling-off period.  The amendments would reorganize the definitions to make it easier for arbitrator applicants and parties, among others, to determine the correct arbitrator classification.

DateTitleFormat - SizeStatus
6/18/2014Text of Proposed Rule ChangePDF - 182.6 KB
7/3/2014Notice of FilingPDF - 216.89 KB
8/4/2014Extension No. 1 PDF - 51.69 KB
9/30/2014Response to Comments PDF - 606.27 KB
10/7/2014Order Instituting Proceedings To Determine Whether To Approve or Disapprove PDF - 213.14 KB
11/24/2014Response to Comments No. 2 PDF - 415.12 KB
12/11/2014Response to Comments No. 3 PDF - 139.97 KB
12/18/2014Extension No. 2 PDF - 59.73 KB
3/4/2015Approval Order PDF - 229.13 KB