New York Securities Fraud Lawyers Blog
FINRA has proposed a change to its Rule 12800, which addresses simplified arbitration involving cases of $50,000 or less. Specifically, the proposal, (Release No. 34-100204; File No. SR-FINRA-2024-008), would amend provision 12800(g)(1), giving customers in paper cases and special proceedings the option to elect whether they want Document Production Lists to apply to all parties. FINRA’s proposed change would increase customer fairness and awareness within simplified arbitration proceedings. If you sustained losses in your brokerage account, you need to speak with a New York Securities Fraud law firm, like Malecki Law, to review your portfolio.
Malecki Law submitted its public comment on the proposal on September 17, 2024, along with ten other people or entities that submitted comments, including professors of law school investor clinics. All relevant public comments are available here, and Malecki Law’s is available here.
FINRA Rule 12800 Currently