The Financial Industry Regulatory Authority’s Board said Friday that it has approved amendments to a rule establishing a special roster of arbitrators for expungement requests.
FINRA withdrew the proposal from the Securities and Exchange Commission last May so that it could think about revising the rule.
The newly approved proposal includes amendments to the previous plan. Those changes won’t be known, however, until the proposal is filed with the SEC.
There is “no date on when that will happen yet,” a FINRA spokesperson said.