New Recommendations by the FINRA Dispute Resolution Task Force (6th Article)

Posted on March 4th, 2017 at 1:30 PM
New Recommendations by the FINRA Dispute Resolution Task Force (6th Article)

From the Desk of Jim Eccleston at Eccleston Law LLC:

This is the sixth in a series of posts to discuss the 51 recommendations 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.                                                                                                                                                 

The Task Force recommended that FINRA develop a different type of adjudication method for small investment claims.  FINRA agreed with the Task Force’s recommendation and also suggested that the adjudication method should be applied to intra-industry disputes as well. FINRA will file a proposal with the SEC to amend FINRA Rule 12800 of the Customer Code and FINRA Rule 13800 of the Industry Code to provide different hearing options for small claims valued at $50,000 or less. 

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

Jim T.


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