On September 28th, the Financial Industry Regulatory Authority announced that it will file with the SEC a proposal to allow all investors filing arbitration claims the option of having an all-public panel. If approved by the SEC, the rule would give investors the option of choosing an arbitration panel that has two public arbitrators and one non-public arbitrator, as is now the case, or choosing to have their case heard by an all-public panel. The proposed rule would apply to all investor disputes against any firm and any individual broker. It would not apply to arbitration disputes involving only industry parties. FINRA Press Release.