Finra proposes to Illuminate arbitrator selection process
![](https://s32566.pcdn.co/wp-content/uploads/2023/01/Finra-05-951x634.jpg.optimal.jpg)
The measure codifies Finra's practice for vetting arbitrators for conflicts of interest, and it requires a written explanation when a challenge to an arbitrator's seating is granted or denied.
Finra wants to make clear how arbitrators are chosen to preside over brokerage industry legal disputes following a court decision last year that vacated an arbitration award over alleged manipulation of the arbitration panel.
On Dec. 23, the Financial Industry Regulatory Authority Inc. filed a pr
Learn more about reprints and licensing for this article.