FINRA Proposes Extending Response Times For Non-Parties In Arbitrations

FINRA proposed increasing the amount of time for non-parties to respond to arbitrator subpoenas, orders of appearance of witnesses or orders for the production of documents. The proposed rule change would amend FINRA Rules 12512, 12513, 13512 and 13513. According to FINRA, the proposal is intended to allow non-parties adequate time to object to an order or...