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Wednesday, January 14, 2009
SEC Approves FINRA Rule to Drastically Limit Motions to Dismiss in Arbitration
Washington, DC — The Financial Industry Regulatory Authority (FINRA) today announced that the Securities and Exchange Commission (SEC) has approved an important change FINRA requested to its dispute resolution rules that will significantly reduce the frequency of motions to dismiss arbitration cases before investors have a chance to present their case.