FINRA quietly backtracks on investor-arbitration plan

05/29/2009 | Wall Street Journal, The

The Financial Industry Regulatory Authority has withdrawn a proposal for requiring increased disclosure from investors involved in arbitration after receiving comments opposing the plan. FINRA's proposal raised many questions, according to this article. "A review of the comment letters submitted indicates that the consensus reached was not broad enough," a FINRA spokesman noted. FINRA is using comments it received to work on a new proposal.

View Full Article in:

Wall Street Journal, The

Published in Brief: