Expand All 8000. INVESTIGATIONS AND SANCTIONS 8100. GENERAL PROVISIONS 8110. Availability of Manual to Customers 8120. Definitions 8200. INVESTIGATIONS 8210. Provision of Information and Testimony and Inspection and Copying of Books 8220. Reserved 8300. SANCTIONS 8310. Sanctions for Violation of the Rules 8320. Payment of Fines, Other Monetary Sanctions, or Costs; Summary Action for Failure to Pay 8330. Costs of Proceedings 9000. CODE OF PROCEDURE 9100. APPLICATION AND PURPOSE 9110. Application 9120. Definitions 9130. Service; Filing of Papers 9131. Service of Complaint and Document Initiating a Proceeding 9132. Service of Orders, Notices, and Decisions by Adjudicator 9133. Service of Papers Other Than Complaints, Orders, Notices, or Decisions 9134. Methods of, Procedures for Service 9135. Filing of Papers with Adjudicator: Procedure 9136. Filing of Papers: Form 9137. Filing of Papers: Signature Requirement and Effect 9138. Computation of Time 9140. Proceedings 9141. Appearance and Practice; Notice of Appearance 9142. Withdrawal by Attorney or Representative 9143. Ex Parte Communications 9144. Separation of Functions 9145. Rules of Evidence; Official Notice 9146. Motions 9147. Rulings On Procedural Matters 9148. Interlocutory Review 9150. Exclusion From Rule 9000 Series Proceeding 9160. Recusal or Disqualification 9200. DISCIPLINARY PROCEEDINGS 9210. Complaint and Answer 9211. Authorization of Complaint 9212. Complaint Issuance — Requirements, Service, Amendment, Withdrawal, and Docketing 9213. Assignment of Hearing Officer and Appointment of Panelists to Hearing Panel or Extended Hearing Panel 9214. Consolidation or Severance of Disciplinary Proceedings 9215. Answer to Complaint 9216. Acceptance, Waiver, and Consent; Plan Pursuant to SEC Rule 19d-1(c)(2) 9220. Request for Hearing; Extensions of Time, Postponements, Adjournments 9221. Request for Hearing 9222. Extensions of Time, Postponements, and Adjournments 9230. Appointment of Hearing Panel, Extended Hearing Panel 9231. Appointment by the Chief Hearing Officer of Hearing Panel or Extended Hearing Panel or Replacement Hearing Officer 9232. Criteria for Selection of Panelists and Replacement Panelists 9233. Hearing Panel or Extended Hearing Panel: Recusal and Disqualification of Hearing Officers 9234. Hearing Panel or Extended Hearing Panel: Recusal and Disqualification of Panelists 9235. Hearing Officer Authority 9240. Pre-hearing Conference and Submission 9241. Pre-hearing Conference 9242. Pre-hearing Submission 9250. Discovery 9251. Inspection and Copying of Documents in Possession of Staff 9252. Requests for Information 9253. Production of Witness Statements 9260. Hearing and Decision 9261. Evidence and Procedure in Hearing 9262. Testimony 9263. Evidence: Admissibility 9264. Motion for Summary Disposition 9265. Record of Hearing 9266. Proposed Findings of Fact, Conclusions of Law, and Post-Hearing Briefs 9267. Record; Supplemental Documents Attached to Record; Retention 9268. Decision of Hearing Panel or Extended Hearing Panel 9269. Default Decisions 9270. Settlement Procedure 9280. Contemptuous Conduct 9290. Expedited Disciplinary Proceedings 9300. REVIEW OF DISCIPLINARY PROCEEDING BY NATIONAL ADJUDICATORY COUNCIL AND NASD BOARD; APPLICATION FOR COMMISSION REVIEW 9310. Appeal to or Review by National Adjudicatory Council 9311. Appeal by Any Party; Cross-Appeal 9312. Review Proceeding Initiated By Adjudicatory Council 9313. Counsel to National Adjudicatory Council 9320. Transmission of Record; Extensions of Time, Postponements, Adjournments 9321. Transmission of Record 9322. Extensions of Time, Postponements, Adjournments 9330. Appointment of Subcommittee or Extended Proceeding Committee; Disqualification and Recusal 9331. Appointment of Subcommittee or Extended Proceeding Committee 9332. Disqualification and Recusal 9340. Proceedings 9341. Oral Argument 9342. Failure to Appear at Oral Argument 9343. Disposition Without Oral Argument 9344. Failure to Participate Below; Abandonment of Appeal 9345. Subcommittee or Extended Proceeding Committee Recommended Decision to National Adjudicatory Council 9346. Evidence in National Adjudicatory Council Proceedings 9347. Filing of Papers in National Adjudicatory Council Proceedings 9348. Powers of the National Adjudicatory Council on Review 9349. National Adjudicatory Council Formal Consideration; Decision 9350. Discretionary Review by NASD Board 9351. Discretionary Review by NASD Board 9360. Effectiveness of Sanctions 9370. Application to Commission for Review 9400. Reserved 9500. OTHER PROCEEDINGS 9510. Reserved 9520. Eligibility Proceedings 9521. Purpose and Definitions 9522. Initiation of Eligibility Proceeding; Member Regulation Consideration 9523. Acceptance of Member Regulation Recommendations and Supervisory Plans by Consent Pursuant to SEC Rule 19h-1 9524. National Adjudicatory Council Consideration 9525. Discretionary Review by the NASD Board 9526. Expedited Review 9527. Application to Commission for Review 9530. Suspension or Cancellation for Failure to Pay Dues, Fees and Other Charges 9550. Expedited Proceedings 9551. Failure to Comply with Public Communication Standards 9552. Failure to Provide Information or Keep Information Current 9553. Failure to Pay NASD Dues, Fees and Other Charges 9554. Failure to Comply with an Arbitration Award or Related Settlement 9555. Failure to Meet the Eligibility or Qualification Standards or Prerequisites for Access to Services 9556. Failure to Comply with Temporary and Permanent Cease and Desist Orders 9557. Procedures for Regulating Activities Under Rules 3130 and 3131 Regarding a Member Experiencing Financial or Operational Difficulties 9558. Summary Proceedings for Actions Authorized by Section 15A(h)(3) of the Act 9559. Hearing Procedures for Expedited Proceedings Under the Rule 9550 Series 9600. PROCEDURES FOR EXEMPTIONS 9610. Application 9620. Decision 9630. Appeal 9700. PROCEDURES ON GRIEVANCES CONCERNING THE AUTOMATED SYSTEMS 9710. Purpose 9720. Form of Application 9730. Request for Hearing 9740. Consideration of Applications 9750. Decision 9760. Review by the Committee 9770. Application to Commission for Review 9800. TEMPORARY CEASE AND DESIST ORDERS 10000. CODE OF ARBITRATION PROCEDURE 10100. ADMINISTRATIVE PROVISIONS 10200. INDUSTRY AND CLEARING CONTROVERSIES 10300. UNIFORM CODE OF ARBITRATION 11000. UNIFORM PRACTICE CODE 11100. SCOPE OF UNIFORM PRACTICE CODE 11200. COMPARISONS OR CONFIRMATIONS AND "DON'T KNOW NOTICES" 11210. Sent by Each Party 11220. Description of Securities 11300. DELIVERY OF SECURITIES 11310. Book-Entry Settlement 11320. Dates of Delivery 11330. Payment 11340. Stamp Taxes 11350. Part Delivery 11360. Units of Delivery IM-11360. Uniform Delivery Ticket Form 11361. Units of Delivery — Stocks 11362. Units of Delivery — Bonds 11363. Units of Delivery — Unit Investment Trust Securities 11364. Units of Delivery — Certificates of Deposit for Bonds 11400. DELIVERY OF SECURITIES WITH DRAFT ATTACHED 11410. Acceptance of Draft 11500. DELIVERY OF SECURITIES WITH RESTRICTIONS 11510. Delivery of Temporary Certificates 11520. Delivery of Mutilated Securities 11530. Delivery of Securities Called for Redemption or Which Are Deemed Worthless 11540. Delivery Under Government Regulations 11550. Assignments and Powers of Substitution; Delivery of Registered Securities 11560. Certificate of Company Whose Transfer Books Are Closed 11570. Certificates in Various Names 11571. Certificate in Name of Corporation IM-11571. Sample Certificate and Authorizing Resolution/Certificate of Incumbency 11572. Certificate in Name of Firm 11573. Certificate in Name of Dissolved Firm Succeeded by New Firm 11574. Certificate in Name of Deceased Person, Trustee, etc. IM-11574. Sample Limited Partnership Change of Trustee Form 11580. Transfer of Limited Partnership Securities 11600. DELIVERY OF BONDS AND OTHER EVIDENCES OF INDEBTEDNESS 11610. Liability for Expenses 11620. Computation of Interest 11630. Due-Bills and Due-Bill Checks 11640. Claims for Dividends, Rights, Interest, etc. 11650. Transfer Fees 11700. RECLAMATIONS AND REJECTIONS 11710. General Provisions 11720. Irregular Delivery — Transfer Refused — Lost or Stolen Securities 11730. Called Securities 11740. Marking to the Market 11800. CLOSE-OUT PROCEDURES 11810. Buying-In IM-11810. Sample Buy-In Forms 11810. (continued) Buying-In 11820. Selling-Out 11830. Reserved. 11840. Rights and Warrants 11860. Acceptance and Settlement of COD Orders 11870. Customer Account Transfer Contracts 11880. Settlement of Syndicate Accounts 11890. Clearly Erroneous Transactions 11900. Clearance of Corporate Debt Securities 12000. NASD CODE OF ARBITRATION PROCEDURE FOR CUSTOMER DISPUTES PART I INTERPRETIVE MATERIAL, DEFINITIONS, ORGANIZATION AND AUTHORITY IM-12000. Failure to Act Under Provisions of Code of Arbitration Procedure for Customer Disputes 12100. Definitions 12101. Applicability of Code and Incorporation by Reference 12102. National Arbitration and Mediation Committee 12103. Director of Dispute Resolution 12104. Effect of Arbitration on NASD Regulatory Activities 12105. Agreement of the Parties PART II GENERAL ARBITRATION RULES 12200. Arbitration Under an Arbitration Agreement or the Rules of NASD 12201. Elective Arbitration 12202. Claims Against Inactive Members 12203. Denial of NASD Forum 12204. Class Action Claims 12205. Shareholder Derivative Actions 12206. Time Limits 12207. Extension of Deadlines 12208. Representation of Parties 12209. Legal Proceedings 12210. Ex Parte Communications 12211. Direct Communication Between Parties and Arbitrators 12212. Sanctions 12213. Hearing Locations 12214. Payment of Arbitrators PART III INITIATING AND RESPONDING TO CLAIMS 12300. Filing and Serving Documents 12301. Service on Associated Persons 12302. Filing an Initial Statement of Claim 12303. Answering the Statement of Claim 12304. Answering Counterclaims 12305. Answering Cross Claims 12306. Answering Third Party Claims 12307. Deficient Claims 12308. Loss of Defenses Due to Untimely or Incomplete Answer 12309. Amending Pleadings 12310. Answering Amended Claims 12311. Amendments to Amount in Dispute 12312. Multiple Claimants 12313. Multiple Respondents 12314. Combining Claims PART IV APPOINTMENT, DISQUALIFICATION, AND AUTHORITY OF ARBITRATORS 12400. Neutral List Selection System and Arbitrator Rosters 12401. Number of Arbitrators 12402. Composition of Arbitration Panels 12403. Generating and Sending Lists to the Parties 12404. Striking and Ranking Arbitrators 12405. Combining Lists 12406. Appointment of Arbitrators; Discretion to Appoint Arbitrators Not on List 12407. Additional Parties 12408. Disclosures Required of Arbitrators 12409. Arbitrator Recusal 12410. Removal of Arbitrator by Director 12411. Replacement of Arbitrators 12412. Directors Discretionary Authority 12413. Jurisdiction of Panel and Authority to Interpret the Code 12414. Determinations of Arbitration Panel PART V PREHEARING PROCEDURES AND DISCOVERY 12500. Initial Prehearing Conference 12501. Other Prehearing Conferences 12502. Recording Prehearing Conferences 12503. Motions 12504. Reserved 12505. Cooperation of Parties in Discovery 12506. Document Production Lists 12507. Other Discovery Requests 12508. Objecting to Discovery; Waiver of Objection 12509. Motions to Compel Discovery 12510. Depositions 12511. Discovery Sanctions 12512. Subpoenas 12513. Authority of Panel to Direct Appearances of Associated Person Witnesses and Production of Documents Without Subpoenas 12514. Exchange of Documents and Witness Lists Before Hearing PART VI HEARINGS; EVIDENCE; CLOSING THE RECORD 12600. Required Hearings 12601. Postponement of Hearings 12602. Attendance at Hearings 12603. Failure to Appear 12604. Evidence 12605. Witness Oath 12606. Record of Proceedings 12607. Order of Presentation of Evidence and Arguments 12608. Closing the Record 12609. Reopening the Record PART VII TERMINATION OF AN ARBITRATION BEFORE AWARD 12700. Dismissal of Proceedings Prior to Award 12701. Settlement 12702. Withdrawal of Claims PART VIII SIMPLIFIED ARBITRATION AND DEFAULT PROCEEDINGS 12800. Simplified Arbitration 12801. Default Proceedings 12805. Expungement of Customer Dispute Information under Rule 2130 PART IX FEES AND AWARDS 12900. Fees Due When a Claim Is Filed 12901. Member Surcharge 12902. Hearing Session Fees, and Other Costs and Expenses 12903. Process Fees Paid by Members 12904. Awards 12905. Submissions After a Case Has Closed 13000. NASD CODE OF ARBITRATION PROCEDURE FOR INDUSTRY DISPUTES PART I INTERPRETIVE MATERIAL, DEFINITIONS, ORGANIZATION, AND AUTHORITY IM-13000. Failure to Act Under Provisions of Code of Arbitration Procedure for Industry Disputes 13100. Definitions 13101. Applicability of Code and Incorporation by Reference 13102. National Arbitration and Mediation Committee 13103. Director of Dispute Resolution 13104. Effect of Arbitration on NASD Regulatory Activities 13105. Agreement of the Parties PART II GENERAL ARBITRATION RULES 13200. Required Arbitration 13201. Statutory Employment Discrimination Claims 13202. Claims Involving Registered Clearing Agencies 13203. Denial of NASD Forum 13204. Class Action Claims 13205. Shareholder Derivative Actions 13206. Time Limits 13207. Extension of Deadlines 13208. Representation of Parties 13209. Legal Proceedings 13210. Ex Parte Communications 13211. Direct Communication Between Parties and Arbitrators 13212. Sanctions 13213. Hearing Locations 13214. Payment of Arbitrators PART III INITIATING AND RESPONDING TO CLAIMS 13300. Filing and Serving Documents 13301. Service on Associated Persons 13302. Filing an Initial Statement of Claim 13303. Answering the Statement of Claim 13304. Answering Counterclaims 13305. Answering Cross Claims 13306. Answering Third Party Claims 13307. Deficient Claims 13308. Loss of Defenses Due to Untimely or Incomplete Answer 13309. Amending Pleadings 13310. Answering Amended Claims 13311. Amendments to Amount in Dispute 13312. Multiple Claimants 13313. Multiple Respondents 13314. Combining Claims PART IV APPOINTMENT, DISQUALIFICATION, AND AUTHORITY OF ARBITRATORS 13400. Neutral List Selection System and Arbitrator Rosters 13401. Number of Arbitrators 13402. Composition of Arbitration Panels in Cases Not Involving a Statutory Discrimination Claim 13403. Generating and Sending Lists to the Parties 13404. Striking and Ranking Arbitrators 13405. Combining Lists 13406. Appointment of Arbitrators; Discretion to Appoint Arbitrators Not on List 13407. Additional Parties 13408. Disclosures Required of Arbitrators 13409. Arbitrator Recusal 13410. Removal of Arbitrator by Director 13411. Replacement of Arbitrators 13412. Director's Discretionary Authority 13413. Jurisdiction of Panel and Authority to Interpret the Code 13414. Determinations of Arbitration Panel PART V PREHEARING PROCEDURES AND DISCOVERY 13500. Initial Prehearing Conference 13501. Other Prehearing Conferences 13502. Recording Prehearing Conferences 13503. Motions 13504. Reserved 13505. Cooperation of Parties in Discovery 13506. Discovery Requests 13507. Responding to Discovery Requests 13508. Objecting to Discovery Requests; Waiver of Objection 13509. Motions to Compel Discovery 13510. Depositions 13511. Discovery Sanctions 13512. Subpoenas 13513. Authority of Panel to Direct Appearances of Associated Persons and Production of Documents Without Subpoenas 13514. Exchange of Documents and Witness Lists Before Hearing PART VI HEARINGS; EVIDENCE; CLOSING THE RECORD 13600. Required Hearings 13601. Postponement of Hearings 13602. Attendance at Hearings 13603. Failure to Appear 13604. Evidence 13605. Witness Oath 13606. Record of Proceedings 13607. Order of Presentation of Evidence and Arguments 13608. Closing the Record 13609. Reopening the Record PART VII TERMINATION OF AN ARBITRATION BEFORE AWARD 13700. Dismissal of Proceedings Prior to Award 13701. Settlement 13702. Withdrawal of Claims PART VIII SIMPLIFIED ARBITRATION; DEFAULT PROCEEDINGS; SEXUAL ASSAULT CLAIMS, SEXUAL HARASSMENT CLAIMS, OR STATUTORY EMPLOYMENT DISCRIMINATION CLAIMS; AND INJUNCTIVE RELIEF 13800. Simplified Arbitration 13801. Default Proceedings 13802. Statutory Employment Discrimination Claims 13803. Coordination of Statutory Employment Discrimination Claims Filed in Court and in Arbitration 13804. Temporary Injunctive Orders; Requests for Permanent Injunctive Relief 13805. Expungement of Customer Dispute Information under Rule 2130 PART IX FEES AND AWARDS 13900. Fees Due When a Claim Is Filed 13901. Member Surcharge 13902. Hearing Session Fees, and Other Costs and Expenses 13903. Process Fees Paid by Members 13904. Awards 13905. Submissions After a Case Has Closed 14000. NASD CODE OF MEDIATION PROCEDURE 14100. Definitions 14101. Applicability of Code 14102. National Arbitration and Mediation Committee 14103. Director of Mediation 14104. Mediation under the Code 14105. Effect of Mediation on Arbitration Proceedings 14106. Representation of Parties 14107. Mediator Selection 14108. Limitation on Liability 14109. Mediation Ground Rules 14110. Mediation Fees Book traversal links for PROCEDURAL RULES (8000–14000) ‹ 7002E. NASD/NYSE Trade Reporting Facility Reporting Fees Up 8000. INVESTIGATIONS AND SANCTIONS ›
