NASD Notice to Members 05-82 - December 2005

SEC Approves Amendments to Arbitration Fees Applicable to Certain Statutory Employment Discrimination Claims; Effective Date: January 17, 2006

Executive Summary

On October 24, 2005, the Securities and Exchange Commission (SEC) approved an amendment to the fee schedule for certain statutory employment discrimination claims.¹ Under the new fee schedule, a current or former associated person who brings a statutory employment discrimination claim that is subject to a predispute arbitration agreement will pay no more than a $200 filing fee at the time that the claim is filed. The member that is a party to such a statutory employment discrimination arbitration proceeding will pay the remainder of the filing fee, if any, as well as all forum fees.

 

¹ Securities Exchange Act Release No. 52658 (October 24, 2005), 70 FR 62362 (October 31,2005) (File No. SR-NASD-2005-046).