Subject: File No. SR-FINRA-2010-053
From: Steven B. Caruso
Affiliation: Maddox Hargett Caruso, P.C.

November 22, 2010

The purpose of this letter is to provide the Securities and Exchange Commission with comments on the above referenced proposed rule change which was filed by the Financial Industry Regulatory Authority, Inc. (FINRA) on October 25, 2010.

I am an attorney whose practice is exclusively devoted to the representation of public investors in their disputes with the securities industry. Moreover, I am a former President and a current member of the Board of Directors of the Public Investors Arbitration Bar Association (PIABA) and am a current public member of FINRAs National Arbitration and Mediation Committee (NAMC).

It is my personal opinion that the proposed revisions to the FINRA Code of Arbitration Procedure would be beneficial for public investors and, accordingly, should be approved on an accelerated basis.