Default Procedures for Claims against Terminated Members and Associated Persons

The NASD, through its wholly owned subsidiary, NASD Dispute Resolution, Inc., has filed with the SEC a proposed rule change to the NASD Code of Arbitration Procedure to provide default procedures for situations in which a suspended, terminated or otherwise defunct member or associated person fails to answer or participate in an arbitration proceeding, and the claimant nevertheless elects to pursue arbitration.

TitleFormat - SizeStatus
Text of proposed rule changePDF - 46.77 KB
Federal Register NoticePDF - 49.73 KB
Response to CommentsPDF - 10.38 KB
Approval OrderPDF - 45.78 KB