New Recommendations by the FINRA Dispute Resolution Task Force (10th Article)

Posted on March 17th, 2017 at 11:41 AM
New Recommendations by the FINRA Dispute Resolution Task Force (10th Article)

From the Desk of Jim Eccleston at Eccleston Law LLC:

This is the tenth in a series of posts to discuss the 51 recommendations that the FINRA Dispute Resolution Task Force (Task Force) has made to the National Arbitration and Mediation Committee (NAMC). NAMC is FINRA’s standing Board advisory committee.

To begin, the Task Force recommended that arbitrators must be required to update their arbitrator disclosure report promptly. The Task Force also recommended that at least annually, the arbitrators must be required to review their arbitrator disclosure report and either confirm its accuracy or update it to take into account new information.

FINRA responded to the Task Force’s recommendation by implementing a quarterly reminder to all arbitrators to review and revise their disclosure reports, and requiring arbitrators to certify the information on their profiles.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of securities for financial investors including Securities FraudUnauthorized TradingBreach of Fiduciary DutyRetirement Planning Negligence, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

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