SEC Approves FINRA Proposal to Exempt Collective Actions from FINRA Arbitration
In January, I reported here that FINRA had filed a rule change proposal with the SEC to amend FINRA Dispute Resolution’s Code of Arbitration Procedure to clarify that collective actions are not arbitrable in the forum. The SEC granted accelerated approval earlier this month. The approval order explains that FINRA amended slightly its proposal in response … Continue reading SEC Approves FINRA Proposal to Exempt Collective Actions from FINRA Arbitration