Regulatory Notice 18-40
SEC Approves Amendments to the Codes of Arbitration Procedure to Establish a $200 Honorarium for Contested Subpoenas or Orders
The Securities and Exchange Commission (SEC) approved amendments to FINRA’s customer and industry arbitration rules to pay each arbitrator a $200 honorarium to decide without a hearing session a contested subpoena request or a contested order for production or appearance.
The amendments are effective for cases filed on or after January 7, 2019.
Questions concerning this Notice should be directed to: