Regulatory Outlook | 06.09.21
FINRA Resumes In-Person Arbitration Nationwide
FINRA has announced in-person arbitration will resume in locations around the country on Aug. 2. The last locations were in-person meetings are suspended are Augusta, Ga.; Boca Raton, Fla.; Buffalo; Detroit; Philadelphia; Providence, R.I.; and Wilmington, Del. In May, FINRA lifted restrictions on in-person proceedings in 62 jurisdictions beginning on July 5. FINRA maintained the suspension of in-person hearings at the last seven locations due to public health concerns. The regulator says the health conditions in those cities have since improved. The announcement comes after the Public Investors Arbitration Bar Association wrote a letter to agency saying that the ongoing suspension of in-person arbitration was beginning to harm investors.
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