FINRA publishes Regulatory Notice 26‑06 requesting comment on modernising arbitration rules
The Financial Industry Regulatory Authority (FINRA) has published Regulatory Notice 26-06 requesting comments on modernising its arbitration rules, guidance and processes. The Notice focuses on key areas including forum selection, eligibility, motions to dismiss, arbitrator qualifications, discovery, punitive damages, explained decisions and unpaid awards. It forms part of FINRA’s broader review aimed at enhancing transparency, impartiality and efficiency in its arbitration forum, following stakeholder feedback and issues raised in prior rule modernisation initiatives. Comments will inform potential changes to FINRA’s arbitration framework, including customer and industry dispute procedures, arbitrator standards, discovery practices and mechanisms to address unpaid awards. Comments are invited by 1 May 2026.