Exam Alert: FINRA to give mediation directors authority to limit mediator selections

Effective August 6, 2012, FINRA will amend its rules to allow mediation directors to limit the ability of parties to a mediation to select a non-FINRA mediator. Continue reading

Effective August 6, 2012, FINRA will amend its rules to allow mediation directors to limit the ability of parties to a mediation to select a non-FINRA mediator.  If the parties wish to use a non-FINRA mediator, the director may choose whether or not to approve that mediator.  If the mediator is approved by the director, the mediation process moves forward with that mediator.  If the mediator is not approved, then the parties may:

-select a FINRA-approved mediator;

-see if the director will approve a different non-FINRA mediator; or

-mediate their dispute elsewhere (not through FINRA).

 

Source: FINRA Regulatory Notice 12-35

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

Exam Alert: New SEC rules on shareholder approval of executive compensation

Effective January 25, 2011, the SEC has adopted new rules concerning shareholder approval of executive compensation. The new rules require Continue reading

Effective January 25, 2011, the SEC has adopted new rules concerning shareholder approval of executive compensation. The new rules require “say-on-pay” votes to take place at least once every three years.  The frequency with which these say-on-pay votes occur must be voted on at least once every six years, and the results of the frequency vote are reported on Form 8-K. Relevant to Series 6, Series 7, Series 62, Series 66, Series 24 and Series 79 exams.

http://www.sec.gov/news/press/2011/2011-25.htm