Everybody Out Of The (Public Arbitrator) Pool

Law360, New York (July 3, 2014, 10:17 AM EDT) -- On June 18, the Financial Industry Regulatory Authority filed a proposed rule change with the U.S. Securities and Exchange Commission to narrow the pool of eligible public arbitrators in a few significant areas.[1] Reflecting more concern over "perceptions about the fairness and neutrality of the public arbitrator roster"[2] than its actual capacity to handle FINRA's customer arbitration caseload, the proposed rule would undercut the breadth and competence of the public arbitrator roster....

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