ARTICLE
3 September 2020

FINRA Proposes Temporary Rule Amendments To Allow Virtual Hearings

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
FINRA proposed temporary amendments to FINRA Rules 1015, 9261, 9524 and 9830 to give the Office of Hearing Officers and National Adjudicatory Council the authority to conduct hearings by video conference.
United States Litigation, Mediation & Arbitration

FINRA proposed temporary amendments to FINRA Rules 1015 ("Review by National Adjudicatory Council"), 9261 ("Evidence and Procedure in Hearing"), 9524 ("National Adjudicatory Council Consideration") and 9830 ("Hearing") to give the Office of Hearing Officers and National Adjudicatory Council the authority to conduct hearings by video conference. The types of virtual hearings that would be permitted under these amendments include (i) appeals of Membership Application Program decisions, (ii) disciplinary decisions, (iii) eligibility proceedings and (iv) cease and desist orders.

The amendments will become operative on September 30, 2020, and will be effective through December 31, 2020.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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