Reimagining Securities Arbitration: FINRA Launches Broad Review of Arbitration Rules and Requests Comment on Modernization Initiative

Responding to concerns raised and longstanding debates over how the Financial Industry Regulatory Authority’s (FINRA) arbitration forum functions, on March 2, FINRA issued Regulatory Notice 26‑06, seeking public comment on modernization of its arbitration rules, guidance and processes, as part of its broader “FINRA Forward” rule modernization program. The Notice signals that core features of FINRA arbitration, including forum selection, claim eligibility, dispositive motion practice, arbitrator... By: Katten Muchin Rosenman LLP