What affirmative finding(s) must arbitrators make for FINRA to waive participation in the court confirmation process?
The arbitrator must, after complying with Arbitration Code Rule 12805 or 13805, make an affirmative finding that the subject matter of the claim or the information in the CRD system meets one or more of the three standards, set forth in Rule 2080. Without such an affirmative finding, FINRA would have no basis under Rule 2080 to waive the requirement that it be named as a party in the court confirmation process.
Related Questions
- On what basis will FINRA determine to participate in a court confirmation proceeding to oppose an expungement directive?
- What affirmative finding(s) must arbitrators make for FINRA to waive participation in the court confirmation process?
- What is the reason for FINRA, and possibly State, participation in court confirmation proceedings?
