Page Perry

The Financial Industry Regulatory Authority (FINRA) said it will file a proposed rule with the Securities and Exchange Commission this month to allow all investors filing arbitration claims the option of having an all-public panel of arbitrators. Brokerage firms have indicated their opposition, but not too vehemently, “perhaps because the alternative is more worrying: an end to mandatory arbitration altogether,” according to a Wall Street Journal article by Daisy Maxey, entitled “‘Public’ Arbitration? Brokers Balk.”