Finra To Firms: Don’t Duck Our Arbitration Forum
JULY 28, 2016 |
Finra could be girding for some fights against brokerage firms who insist on avoiding Finra arbitration in lieu of other dispute-resolution forums.
Last week, Finra warned broker-dealers in no uncertain terms that they can’t force customers or registered reps into dispute forums other than Finra’s own arbitration program.
The warning, in a regulatory notice issued Friday, said firms could be subject to enforcement action if they deny access to Finra arbitration.