Effective April 3, 2017, all FINRA arbitration participants (except pro se parties) must use FINRA's web-based DR-Portal to file and serve documents in both customer and industry arbitrations.
Pro se parties may elect to use the Portal or opt-out, using traditional filing and service methods instead.
Exceptions to Portal service include most items involving new or non-parties, documents produced and permanent injunction claims:
- pro se customers who do not elect to use the Party Portal;
- documents produced in response to discovery requests or pursuant to the Discovery Guide;
- answers containing third party claims;
- amended pleadings that add a party to an arbitration proceeding;
- motions to the arbitrators to amend a pleading to add a party;
- subpoenas to non-parties;
- arbitrator orders to non-parties for the appearance of employees and associated persons of a member, or the production of documents in the possession or control of such persons or members; and
- statements of claim requesting permanent injunctive relief.
The Rule changes make use of the Portal permissive in FINRA meditations.
Regulatory Notice 17-03 (January 2017) is here.
Thomas K. Potter, III (tpotter@burr.com) is a partner in the Securities Litigation Practice Group at Burr & Forman, LLP. Tom is licensed in Tennessee, Texas and Louisiana. He has over 30 years' experience representing financial institutions in litigation, regulatory and compliance matters. See attorney profile.
© 2017 by Thomas K. Potter, III (all rights reserved).
PartnerTom Potter is a Partner in the firm's Nashville office, and his practice focuses on securities, corporate disputes, and appellate litigation. Tom has over 35 years of experience representing business interests.
Tom represents ...
