Outside FINRA's office in New York. (Photo: Shutterstock)
The Financial Industry Regulatory Authority's Dispute Resolution Services has postponed in-person arbitration hearings for the remainder of 2020 due to the coronavirus pandemic.
"Currently, only a handful of 70 hearing locations demonstrate public health conditions that are consistent with CDC guidance for activities such as in-person hearings," FINRA states in a notice on its website.
FINRA DRS states that it will administratively postpone all in-person arbitration and mediation proceedings scheduled through Jan. 1, 2021.
"FINRA considered moving forward with in-person hearings in these locations that demonstrated public health conditions consistent with CDC guidance for activities such as in-person hearings. However, FINRA administratively postponed hearings in the locations due to arbitrator concern with participating at in-person hearings at this time, or state and local quarantine orders affecting participants who would need to travel to the hearing locations."
Those with an in-person hearing or mediation session scheduled through this date will be contacted by FINRA DRS staff to discuss virtual hearing options or reschedule.
