Search Results for keywords:"accelerated processing"

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.

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.