SR-NASD-2003-095

Amendments to Rule 10308 and 10312 of the NASD Code of Arbitration Procedure Governing Arbitrator Classification

NASD has filed with the SEC a proposed rule change to amend Rules 10308 and 10312 of the NASD Code of Arbitration Procedure to further ensure that individuals with significant ties to the securities industry may not serve as public arbitrators in NASD arbitrations.