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March 2015 Archives

Electronic Discovery in FINRA Arbitration

Many view discovery as an onerous process involving the production of hundreds, if not thousands of pages of documents. This view is harmful to the process of securities arbitration - it discourages potential claimants from bringing valid claims and may lead practitioners to accept unfavorable settlements to avoid costs. FINRA addresses these issues by including electronic discovery in their Rules. FINRA's Discovery Guide[i] provides: