{"id":1396,"date":"2014-02-11T00:52:02","date_gmt":"2014-02-11T00:52:02","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/02\/finra_seeks_to_limit_definitio_1"},"modified":"2021-12-08T10:59:39","modified_gmt":"2021-12-08T16:59:39","slug":"finra-seeks-to-limit-definitio-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-seeks-to-limit-definitio-1\/","title":{"rendered":"FINRA Seeks to Limit Definition of Public Arbitrator"},"content":{"rendered":"

\t\t\t\tAccording to Investment News <\/em>and The Wall Street Journal<\/em>, sources in the know say that the Financial Industry Regulatory Authority wants to limit how many brokerage industry insiders can act as arbitrators in investor disputes with broker-dealers and brokers. The amendment would keep anyone affiliated with the securities industry, including lawyers and ex-brokers, from representing themselves in the role of public arbitrator. FINRA’s board of directors will decide whether to approve a proposed rule changes on this matter at a meeting this week.<\/p>\n

Under the FINRA arbitration<\/a> system, there are two arbitarator categories: nonpublic and public. Public arbitrators usually don’t have a current insider industry connection with the securities industry. Meantime, arbitrators that are nonpublic can have current ties, even working as a banker or a broker or securities fraud lawyer.<\/p>\n

Usually, there are three arbitrators on a panel presiding over an investor-broker dispute. The panel members are selected from a list of arbitrators. Respondents and claimants go through this list to eliminate those they don’t want on the panel.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

According to Investment News and The Wall Street Journal, sources in the know say that the Financial Industry Regulatory Authority wants to limit how many brokerage industry insiders can act as arbitrators in investor disputes with broker-dealers and brokers. The amendment would keep anyone affiliated with the securities industry, including lawyers and ex-brokers, from representing […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3798,3739],"tags":[],"class_list":["post-1396","post","type-post","status-publish","format-standard","hentry","category-arbitration","category-finra"],"yoast_head":"\nFINRA Seeks to Limit Definition of Public Arbitrator — Investor Lawyers Blog — February 11, 2014<\/title>\n<meta name=\"description\" content=\"According to Investment News and The Wall Street Journal, sources in the know say that the Financial Industry Regulatory Authority wants to limit how many — February 11, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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