26 Aug 2025
⚖️FINRA Accelerates Arbitration for Elderly and Health-Affected Parties
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving a Proposed Rule Change To Amend the Codes of Arbitration Procedure To Adopt FINRA Rules 12808 and 13808 (Accelerated Processing) To Accelerate the Processing of Arbitration Proceedings for Parties Who Qualify Based on Their Age or Health Condition
Summary
The FINRA proposed rule change aims to accelerate arbitration proceedings for parties aged 70 and over or those with specific health conditions. This initiative seeks to ensure that these individuals can participate meaningfully in the arbitration process, enhancing outcomes reflective of their claims while maintaining flexibility for arbitrators in scheduling and case management.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory update introduces accelerated arbitration proceedings for certain parties based on age or health, which may impact firms engaged in disputes by affecting how quickly cases are resolved. This rule can lead to increased operational pressures and compliance requirements for businesses involved in the arbitration process.