Regulatory Notice 18-33

SEC Approves Amendments to the Codes of Arbitration Procedure to Establish a Per-Arbitrator Fee and Honorarium for Late Cancellation of Prehearing Conferences

Effective Date: October 29, 2018

Summary

The Securities and Exchange Commission (SEC) approved amendments to FINRA’s customer and industry arbitration rules to charge parties who request cancellation of a prehearing conference within three business days a $100 per-arbitrator fee. The amendment also provides for a $100 honorarium to each arbitrator scheduled to attend the cancelled prehearing conference.

The amendments are effective for cases filed on or after October 29, 2018.

Questions concerning this Notice should be directed to:

  • David Carey, Associate Director, FINRA Office of Dispute Resolution, at (212) 858-4333; or
  • Mignon McLemore, Assistant Chief Counsel, FINRA Office of Dispute Resolution, at (202) 728-8151.