FINRA Wants Claim Limit Increase For Simplified Arbitration

Law360, New York (February 23, 2012, 2:10 PM EST) -- The Financial Industry Regulatory Authority wants to double the claim limit for simplified arbitration to $50,000 in a move that it says will cut costs for investors and others using the forum, according to a regulatory notice Wednesday.

The self-regulatory organization said increasing the threshold of $25,000 would allow more investors to take advantage of simplified arbitration, in which a claim is often decided based on the parties' submissions, and avoid expenses associated with hearings, according to the U.S. Securities and Exchange Commission notice soliciting comments...
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