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Proposed Rule Change to Create a $100 Fee and Honorarium for Late Cancellation of a Prehearing Conference

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rules 12500 and 12501 of the Code of Arbitration Procedure for Customer Disputes (“Customer Code”) and FINRA Rules 13500 and 13501 of the Code of Arbitration Procedure for Industry Disputes (“Industry Code” and together, “Codes”), to charge a $100 per-arbitrator fee to parties who request cancellation of a prehearing conference within three business days before a scheduled prehearing conference. The proposed rule change would also amend FINRA Rules 12214(a) and 13214(a) of the Codes to create a $100 honorarium to pay each arbitrator scheduled to attend a prehearing conference that was cancelled within three business days of the prehearing conference.

Title Format - Size Status
Text of the Proposed Rule Change PDF - 292.18 KB
Federal Register Notice PDF - 205.54 KB
Extension No. 1 PDF - 111.06 KB
Approval Order PDF - 178.46 KB