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Proposed Rule Change Relating to Motions to Dismiss in Arbitration

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 12504 of the Code of Arbitration Procedure for Customer Disputes (“Customer Code”) and FINRA Rule 13504 of the Code of Arbitration Procedure for Industry Disputes (“Industry Code,” and together with the Customer Code, the “Codes”), to provide that arbitrators may act upon a motion to dismiss a party or claim prior to the conclusion of a party’s case in chief if the arbitrators determine that the non-moving party previously brought a claim regarding the same dispute against the same party, and the dispute was fully and finally adjudicated on the merits and memorialized in an order, judgment, award, or decision.

Title Format - Size Status
Text of the Proposed Rule Change PDF - 87.23 KB
Federal Register Notice PDF - 203.66 KB
Extension No. 1 PDF - 49.24 KB
Response to Comments PDF - 100.76 KB
Approval Order PDF - 188.34 KB