We publish The Neutral Corner to provide arbitrators and mediators with current updates on important rules and procedures within securities dispute resolution. FINRA believes this newsletter provides its dedicated neutrals with a valuable learning tool that enables them to better serve parties and other participants in the FINRA forum.
The Neutral Corner Volume 2
Regulatory Obligations
Exchange Act Rule 15c3-1 (Net Capital Rule) requires firms to maintain net capital at specific levels to protect customers and creditors from monetary losses that can occur when firms fail.
Noteworthy Examination Findings
FINRA has continued to identify some of the same concerns noted in the Net Capital and Credit Risk Assessments section of the 2017 Report and Accuracy
The Neutral Corner—Volume 3, 2021
Mission Statement
Avoiding Confusion and Delays When Resolving Motions to Dismiss (by Matthew Kipnis, FINRA Extern)
Bits, Bytes and E-Discovery Fights (Part III) (by Lisa Miller, FINRA Arbitrator)
Using Arbitration Hearing Scripts (by Narielle Robinson, Senior Case Administrator, FINRA Mediation)
FINRA Dispute Resolution Services and FINRA News
Margin Requirements for Exempted Securities Mutual Funds and Exempted Securities ETFs
Would like rules to be changed so shorts wouod have to report more frequently.
1. More visibility need in to short sellers 2. Punishment for breaking/violating rules need to be more severe.
Please modify the rules to make short interest and FTD's more transparent, and the reporting of immediately.
SUGGESTED ROUTING*
Senior Management Legal & Compliance OperationsTrading
*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The Small Order Execution System (SOES) was created to allow public customers to enter orders of limited size into the NASDAQ System for immediate execution at the best available price. Section 3(c) of the SOES
Non-Party Witness’ Attorney May Attend Hearing While Witness Is Testifying
Proposed Rule Change to Amend the Codes of Arbitration Procedure Relating to Cancelling or Postponing a Hearing
