SR-FINRA-2007-042

Proposed Rule Change to Amend Rule 12302 of the Customer Code and Rule 13302 of the Industry Code to Remove the Page Limit on Statements of Claim Filed through the Online Arbitration Claim Filing System

Financial Industry Regulatory Authority, Inc. ("FINRA") (f/k/a National Association of Securities Dealers, Inc. ("NASD")) is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend Rule 12302 of the Code of Arbitration Procedure for Customer Disputes ("Customer Code") and Rule 13302 of the Code of Arbitration Procedure for Industry Disputes ("Industry Code") to remove the 50-page limit on Statements of Claim filed through the Online Arbitration Claim Filing System ("the System") and to allow parties to submit exhibits to Statements of Claim through the System.