FINRA Proposes Changes to Definitions of Non-Public and Public Arbitrators

The proposal expands the “non-public” arbitrator definition by: (1) requiring individuals who worked in the financial services industry for any duration to always be classified as non-public arbitrators; (2) adding new categories of financial industry personnel who qualify as non-public arbitrators; and (3) requiring professionals (e.g., attorneys and accountants) devoting a significant part of their business to representing or providing…

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