Regulatory Notice 09-13

SEC Approves Amendments Raising the Threshold for Single Arbitrator Cases to $100,000; Effective Date: March 30, 2009

Executive Summary

Effective March 30, 2009, FINRA will raise the threshold for appointing a single chair-qualified arbitrator. The SEC approved amendments to FINRA Rule 12401 of the Code of Arbitration Procedure for Customer Disputes and FINRA Rule 13401 of the Code of Arbitration Procedure for Industry Disputes to raise the amount in controversy for appointing a single chair-qualified arbitrator to $100,000.

 

The text of Rules 12401 and 13401 is set forth in Attachment A. The rules will apply to arbitration cases filed on or after March 30, 2009.

 

Questions concerning this Notice should be directed to:

 

  • Richard W. Berry, Vice President and Director of Case Administration, FINRA Dispute Resolution (DR), at (212) 858-4307 or by email; or
  • Margo A. Hassan, Counsel, FINRA DR, at (212) 858-4481 or by email.