Exam Alert: FINRA revises who can qualify as “public arbitrators”

Effective July 1, 2013, FINRA will revise its arbitration rules to impose additional limits on who may be considered a public arbitrator. Continue reading

Effective July 1, 2013, FINRA will revise its arbitration rules to impose additional limits on who may be considered a public arbitrator. The changes prohibit people associated with mutual funds or hedge funds from serving as public arbitrators. The changes also require individuals to wait for at least two years after ending certain affiliations before they are considered public arbitrators.

Source: FINRA Regulatory Notice 13-21: SEC Approves Amendments to Arbitration Codes to Revise the Definition of Public Arbitrator

This alert applies to the Series 6, Series 7, Series 24, Series 26, Series 62, Series 79, and Series 82.

Leave a Reply

Your email address will not be published. Required fields are marked *