• FINRA Changes Arbitration Rules.

On December 18th, the Financial Industry Regulatory Authority advised member firms that the SEC has approved amendments to FINRA Rules 12100(r), 12506(a) and 12902(a) of the Code of Arbitration Procedure for Customer Disputes, and Rule 13100(r) of the Code of Arbitration Procedure for Industry Disputes, regarding the definition of "associated person," distribution of the FINRA Discovery Guide, and applicability of hearing session fees. Regulatory Notice 09-74.