Search Results for citation:"90 FR 12616"

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Search Results: citation:"90 FR 12616"

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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