FINRA has been busy of late. Practitioners will note a number of recent developments in the FINRA Code of Arbitration Procedure as well as other updates and changes to rules and regulations affecting arbitration practice. Hot topics include the effect that changing panel compositions have had on award outcomes and how the changing definition of public arbitrators may affect the same moving forward. Discovery continues to evolve as FINRA, firms, and counsel for all parties adapt to the amount of electronic data generated by even the simplest brokerage relationship as well as the staggering amount of such information potentially at issue in "product" cases.
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