In response to the coronavirus pandemic (COVID-19), the Financial Industry Regulatory Authority has decided to postpone all in-person arbitration and mediation proceedings until May 1, 2020.
FINRA said that it will contact participants to reschedule or discuss remote scheduling options, however, the decision does not affect other case deadlines. The regulators noted that all case deadlines will continue to apply unless the parties jointly agree otherwise.
“We recognize that this decision may cause inconvenience and we do not make it lightly,” said FINRA. “We are taking this preventative action out of an abundance of caution, in the interest of public safety. The well-being of our FINRA employees, arbitrators, stakeholders and communities is of paramount importance.”
In related news, FINRA has also canceled its West Region Member Forum event and postponed the 2020 Diversity Summit. Registrants will be notified as soon as a new date is identified, which will likely be this Fall.