10102. National Arbitration and Mediation Committee
This Code was superseded by the Customer Code (Rule 12000 Series) and the Industry Code (Rule 13000 Series) on April 16, 2007, for claims filed on or after that date. The Code remains in effect, however, for cases filed before April 16, 2007.
(a) The FINRA Regulation Board of Directors, following the annual election of its members by the FINRA Board of Governors, shall appoint a National Arbitration and Mediation Committee of such size and composition, including representation from the public at large, as it shall deem appropriate and in the public interest. The Chairman of the Committee shall be named by the Chairman of the FINRA Regulation Board. The said Committee shall establish and maintain rosters of neutrals composed of persons from within and without the securities industry.
(b) The Committee shall have the authority to recommend to the FINRA Regulation Board appropriate Rules, regulations, and procedures to govern the conduct of all arbitration matters, mediation, and other dispute resolution before FINRA. All Rules, regulations, and procedures and amendments thereto presented by the Committee must be by a majority vote of all the members of the said Committee. It also shall have such other power and authority as is necessary to effectuate the purposes of this Code.
(c) The Committee shall meet at least once each year and at such other times as are deemed necessary by the Committee.
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Amended by SR-FINRA-2015-034 eff. Dec. 20, 2015. Amended by SR-FINRA-2008-021 eff. Dec. 15, 2008. Amended by SR-NASD-99-21 eff. July 9, 2000. Amended by SR-NASD-98-48 eff. Nov. 17, 1998. Amended by SR-NASD-94-77 eff. Feb. 8, 1995. Selected Notices: 98-90, 08-57, 16-04. |