July 10, 2013
July 10, 2013
The purpose of this letter is to provide the Securities and Exchange Commission with comments on File No. SR-FINRA-2013-024, Notice of Filing of Proposed Rule Change Relating to Amendments to the Discovery Guide Used in Customer Arbitration Proceedings.
I am an associate at Aidikoff, Uhl and Bakhtiari, a law firm devoted to the representation of investors in disputes with the securities industry.
In my view, the proposed revisions to the FINRA Discovery Guide would help to reduce the number of discovery disputes in customer cases and would benefit all parties involved in the arbitration process. I urge the staff of the Commission to approve the revisions as quickly as possible.
E-Discovery: I support the proposed revisions to this portion of the Discovery Guide. The revisions will assist to streamline e-discovery and provide arbitrators with guidance in resolving e-discovery disputes.
Product Cases: I support the proposed revisions to this portion of the Discovery Guide. The revisions will create awareness that certain types of documents are relevant in product cases as compared to traditional arbitration proceedings. As a result, the revisions will facilitate the discovery of relevant documents in product cases and provide arbitrators with guidance in resolving these types of discovery disputes.
Affirmations: I support the proposed revisions to this portion of the Discovery Guide. The revisions will allow parties to obtain relevant affirmations and will further facilitate the discovery process.
Overall, the proposed revisions to the FINRA Discovery Guide help to create a more efficient and cost effective discovery process in arbitration proceedings.
Thank you for providing me with the opportunity to submit my comments on this rule filing.