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. Reflecting more concern over "perceptions about the fairness and neutrality of the public arbitrator roster" 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.
The Proposed Rule Would Purge Many Worthy Arbitrators From the Public Roster
If approved, the proposed amendments would reclassify many current public arbitrators as nonpublic and narrow the pool...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!