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FINRA opens arbitration to RIA's

InvestmentNews reports:

The Financial Industry Regulatory Authority Inc. has opened up its arbitration system to registered investment advisers.  Finra arbitration has been used in investor or industry complaints involving securities firms and broker-dealers. RIAs now can use the system, according to Linda Feinberg, president of Finra’s office of dispute resolution.

Ms. Feinberg disclosed the change Thursday in Austin, Texas, at the annual meeting of the Public Investors Arbitration Bar Association.