Regulatory Notice 12-12

SEC Approves Amendments to FINRA’s Code of Procedure

Effective Date: March 30, 2012

The SEC approved amendments to FINRA’s Code of Procedure. The amendments are procedural in nature and include the following, in addition to several more minor changes:

  • allowing service of a complaint (and notices of certain expedited proceedings) on counsel when counsel agrees to accept such service;
  • permitting electronic filing of papers with an adjudicator;
  • requiring an attorney seeking to withdraw from a disciplinary case to file a motion before withdrawal would be approved;
  • allowing hearing officers to manage the parties’ pre-hearing submissions to reduce and eliminate duplicative filings; and
  • allowing counsel to the NAC to decide a procedural motion in an eligibility proceeding or an expedited proceeding.

The text of the amended rules can be found at www.finra.org/notices/12-12.

Once effective, the amended rules will apply immediately to all new and pending matters governed by FINRA’s Code of Procedure.

Questions concerning this Notice should be directed to:

  • Alan Lawhead, Vice President and Director, Appellate Group, Office of General Counsel (OGC), at (202) 728-8853;
  • Andrew J. Love, Associate General Counsel, OGC, at (202) 728-8281; or
  • Matthew E. Vitek, Assistant General Counsel, OGC, at (202) 728-8156.

Related Documents: 

DateTitleFormat - Size
8/29/2015Attachment to Regulatory Notice 12-12PDF - 27.03 KB