Proposed Rule Change to Amend the Definition of "Associated Person," Streamline a Case Administration Procedure, and Clarify that Customers Could be Assessed Hearing Fees Based on Their Own Claims for Relief in Connection with an Industry Claim

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 Rules 12100(r), 12506(a), and 12902(a) of the Code of Arbitration Procedure for Customer Disputes (“Customer Code”) and Rule 13100(r) of the Code of Arbitration Procedure for Industry Disputes (“Industry Code”) to amend the definition of “associated person,” streamline a case administration procedure, and clarify that customers could be assessed hearing session fees based on their own claims for relief in connection with an industry claim.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 164.22 KB
Federal Register NoticePDF - 59.87 KB
Extension No. 1PDF - 19.58 KB
Response to CommentsPDF - 42.4 KB
Extension No. 2PDF - 23.6 KB
Extension No. 3PDF - 27.64 KB
Amendment No. 1 to Proposed Rule ChangePDF - 39.82 KB
Approval OrderPDF - 65.5 KB