Proposed FINRA Rule 2081 – Prohibited Conditions Relating to Expungement of Customer Dispute Information
Published on:
May 14, 2014
SIFMA provides comments to the Securities and Exchange Commission (SEC) on the proposal for the adoption of new FINRA Rule 2081, which would prohibit member firms and associated persons from conditioning or seeking to condition settlement of a dispute with a customer on, or to otherwise compensate the customer for, the customer’s agreement to consent to, or not to oppose, the firm’s or associated person’s request to expunge such customer dispute information from the Central Registration Depository (CRD) System.
SIFMA supports proposed FINRA Rule 2081.