FINRA Requests Comments on Proposed Amendments Related to the Expungement of Customer Dispute Information.

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Last month, FINRA issued Regulatory Notice 17-42 requesting comments and proposing amendments to the procedures relating to the expungement of customer dispute information from the Central Registration Depository (“CRD”) system and FINRA BrokerCheck system.

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Status Report on FINRA Dispute Resolution Task Force Recommendation: February 8, 2017 Status Report

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There are several proposals in various stages of the rulemaking process, including a rule that would provide for the expedited resolution of small customer and intra-industry disputes in claims involving $50,000 or less. Another pending rule includes FINRA notifying state securities regulators when brokers make a request for expungement relief.

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Court rejects emergency injunction to block DoL fiduciary rule

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A federal appeals court has rejected an annuities trade group’s request to postpone the implementation deadline for Department of Labor’s fiduciary rule, the latest legal setback for opponents of the controversial regulation.

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