A bill to require the Financial Industry Regulatory Authority to establish a relief fund to provide investors with the full value of unpaid arbitration awards issued against brokerage firms or brokers regulated by the Authority.

United States115th CongressS-2499Senate
Updated: Jun 28, 2018

Summary

This bill directs the Financial Industry Regulatory Authority (FINRA) to compensate investors for the full value of unpaid arbitration awards. To qualify, an award must be the result of a final order issued in favor of an investor against a brokerage firm or broker regulated by FINRA.

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

  1. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Senate

  2. Introduced in Senate

  3. Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-406.

    Senate

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