The House Judiciary Committee’s Subcommittee on Antitrust, Commercial, and Administrative Law held a May 16 hearing titled “Justice Denied: Forced Arbitration and the Erosion of our Legal System.” The Senate Judiciary Committee held a similar hearing in April.
FINRA’s Board of Governors met on May 6-7 to consider an array of financial, regulatory and enforcement reports and issues. Prior to this regular meeting of the Board,
FINRA has issued a Regulatory Notice seeking comments on Rule changes aimed at better protecting investors from firms with significant regulatory histories. Arbitration is prominently mentioned throughout.
New case submissions by customers are down 29% from the first quarter’s tally for 2018 and industry cases have declined 27%. Overall, 830 new cases were filed in the first quarter;