Securities Arbitration: FINRA May Reconstitute Panels
By: Stephen P. Lagoy The Financial Industry Regulatory Authority (FINRA), which administers the arbitration program to which brokerage customers must bring their complaints, is considering using arbitration panels comprising all “non-industry” members. Presently, panels must include at least one industry member among the three-person panel. The remaining member(s) are “public” (i.e. from outside the …