FINRA proposed to amend the Code of Arbitration Procedure for Customer Disputes ("Customer Code") and the Code of Arbitration Procedure for Industry Disputes ("Industry Code") to impose additional requirements for expunging customer dispute information. In addition, the proposed amendments would update the Customer Code to specify procedures for requesting expungement of customer dispute information during simplified arbitrations.

If approved by the SEC, FINRA will publish the effective date via regulatory notice.