Search Results for keywords:"accelerated processing"

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Search Results: keywords:"accelerated processing"

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2024-30680 — Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of 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
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December 26, 2024
Type:Notice
Citation:89 FR 105128
Reading Time:about 61 minutes
The Financial Industry Regulatory Authority (FINRA) has proposed a rule change aimed at accelerating arbitration proceedings for those who qualify due to age or health conditions. Under the proposal, individuals aged 70 or older or those with a serious health condition can request quicker processing of their cases to ensure they can participate meaningfully in the arbitration. FINRA aims to shorten the arbitration timeline to approximately ten months, compared to the standard process which can take much longer. The change is intended to ensure fairer outcomes for individuals who may otherwise face difficulties participating due to health or age-related issues.
Simple Explanation
FINRA wants to make things go faster in special money disagreements for people who are old or sick, so they don’t have to wait too long to get help. But some people worry that doing things quickly might be tricky and could cause problems for others.
2025-04329 — Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove 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
March 18, 2025
Type:Notice
Citation:90 FR 12616
Reading Time:about 17 minutes
The Securities and Exchange Commission (SEC) is reviewing a proposed rule change by the Financial Industry Regulatory Authority (FINRA). The rule is meant to speed up arbitration proceedings for parties who are at least 70 years old or have serious health conditions. This involves setting shorter deadlines for various procedural steps in the arbitration process. The SEC is seeking public comments on whether the proposed rule aligns with existing regulations, and comments are due by April 8, 2025.
Simple Explanation
The SEC is looking at a new rule from FINRA that would make certain legal cases go faster for older people or those who are sick, but they need to make sure it's fair and clear before deciding.

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