Regulatory Alerts2023-08-11 | Regulatory Notice 23-12Added · Updated
FINRA Adopts Amendments to the Codes of Arbitration Procedure to Modify the Process Relating to the Expungement of Customer Dispute Information
FINRA has adopted amendments to its Codes of Arbitration Procedure to modify the process for expunging customer dispute information from the Central Registration Depository. The changes impose specific filing deadlines, require unanimous panel agreement for relief, and mandate that straight-in requests be decided by a three-person panel from a Special Arbitrator Roster. These amendments apply to requests filed on or after October 16, 2023, affecting associated persons, member firms, and state securities regulators.
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