New Recommendations by the FINRA Dispute Resolution Task Force (13th Article)

Posted on March 29th, 2017 at 10:45 AM
New Recommendations by the FINRA Dispute Resolution Task Force (13th Article)

From the Desk of Jim Eccleston at Eccleston Law LLC:

This is the thirteen 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 FINRA implement policies that expedite the hearing process for seniors and seriously ill parties and implement procedures to insure that the goals of achieving an expedited process and hearing are achieved.

As a result of the Task Force’s recommendation, FINRA implemented procedures to increase the efficiency of administering expedited cases concerning seniors and seriously ill parties. These procedures include, (1) reducing the time staff takes to send arbitrator lists to the parties; (2) reducing the time that arbitrators have to accept cases; (3) updating management tracking reports to flag expedited cases; and (4) sending a checklist to parties asking them to stipulate to reducing the time it takes FINRA to administer a case.

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

Tags: Eccleston, Eccleston Law, James Eccleston, Eccleston Law LLC

Return to Archive

TESTIMONIALS

Previous
Next

I cannot thank you enough for your efforts. You have proven to be a valuable resource

Jim T.

LATEST NEWS AND ARTICLES

May 17, 2024
Fidelity Advisor Files Lawsuit Alleging Wrongful Termination Over Whistleblowing

A former Fidelity Investments advisor, Michael Maeker, has initiated legal action against his former firm, alleging wrongful termination in response to his reporting of anti-investor sales tactics.

May 16, 2024
CFTC Investigates Banks for Potential Whistleblower Suppression

The Commodity Futures Trading Commission (CFTC) has initiated inquiries into several banks, including JPMorgan Chase, Bank of America, and Citigroup, regarding potentially hindering whistleblowers from disclosing information, as reported by Bloomberg News.

 

May 15, 2024
NFA Issues Order Against 50.ai Investments LLC

The National Futures Association's (NFA) Business Conduct Committee (BCC) has taken action against 50.ai Investments LLC, a former NFA Member commodity pool operator and forex firm, for violating multiple NFA compliance rules.