NASD Notice to Members 04-53 - July 2004

SEC Approves Amendments to IM-10104 and Rules 10306 and 10319 Regarding "Last Minute" Adjournments of Arbitration Hearings; Effective Date: August 16, 2004

Executive Summary

The Securities and Exchange Commission (SEC) has approved amendments to IM-10104 and Rules 10306 and 10319 of the NASD Code of Arbitration Procedure (Code) to impose a fee and provide an arbitrators' honorarium when hearings are postponed, canceled, or settled on short notice. '

 

Questions regarding this Notice may be directed to Mignon McLemore, Counsel, NASD Dispute Resolution, at (202) 728-8151 or via e-mail.