02/26/2008
Regulatory Body for Securities Dealers Attempts to Loosen Restrictions on Representation in Arbitration Proceedings
FINRA, Regulatory Notice 07-57: Representation of Parties in Arbitration and Mediation (Nov. 2007)
Brief Summary
The Financial Industry Regulatory Authority (“FINRA”) has amended its arbitration and mediation code to allow representation by attorneys licensed anywhere in the United States and by non-attorneys, subject to state regulations on the unauthorized practice of law (“UPL”).
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