Finra To Firms: Don’t Duck Our Arbitration Forum

August 9, 2016




Finra To Firms: Don’t Duck Our Arbitration Forum

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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.

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Matthew C. Strife
Blue Vault Services
April 11, 2016

Blue Vault's services are without question great resources for the review of the nontraded products offered.