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ARTICLE · 22 DECEMBER 2015

FINRA Arbitration Task Force Fails To Reach Consensus On Many Major Issues

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The FINRA Dispute Resolution Task Force issued its final report last week, making certain recommendations designed to improve the arbitration process.

United StatesFinance and Banking
Harry Frischer
Harry Frischer
Brian Friedman
Brian Friedman
Massiel Pedreira
Massiel Pedreira
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The FINRA Dispute Resolution Task Force issued its final report last week, making certain recommendations designed to improve the arbitration process. More notably, however, the Task Force reported that it was unable to reach agreement on a number of more controversial issues, reflecting deep divisions among practitioners in this area.

The Dispute Resolution Task Force was formed in June 2014 to consider possible enhancements to the FINRA arbitration and mediation forum in light of the evolving needs of its users. Task Force members represented a number of constituencies and included attorneys who regularly represent investors as well as attorneys representing broker-dealers. The Task Force also solicited information and viewpoints from a variety of stakeholders.

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