On October 5th, the Financial Industry Regulatory Authority announced the expansion of its two-year pilot program that gives investors who file eligible claims the opportunity to select an arbitration panel composed of three public arbitrators instead of two public and one non-public. The pilot will expand from 11 to 14 broker-dealers, and the number of eligible cases will increase from 276 to 411. Each participating firm has agreed to commit a specific number of cases to the pilot. Cases enter the pilot on a first-come, first-served basis at the sole discretion of the claimant, who is typically a retail brokerage customer. The program began on October 6, 2008, and will conclude on October 5, 2010. FINRA Press Release.