10211. Special Arbitrator Qualifications for Employment Discrimination Disputes
This Code was superseded by the Customer Code (Rule 12000 Series) and the Industry Code (Rule 13000 Series) on April 16, 2007, for claims filed on or after that date.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) Minimum Qualifications for All Arbitrators
Only arbitrators classified as public arbitrators as provided in Rule 10308 shall be selected to consider disputes involving a claim of employment discrimination, including a sexual harassment claim, in violation of a statute.
(b) Single Arbitrators or Chairs of Three-Person Panels
(1) Arbitrators who are selected to serve as single arbitrators or as chairs of three-person panels should have the following additional qualifications:
(A) law degree (Juris Doctor or equivalent);
(B) membership in the Bar of any jurisdiction;
(C) substantial familiarity with employment law; and
(D) ten or more years of legal experience, of which at least five years must be in either:
(i) law practice;
(ii) law school teaching;
(iii) government enforcement of equal employment opportunity statutes;
(iv) experience as a judge, arbitrator, or mediator; or
(v) experience as an equal employment opportunity officer or in-house counsel of a corporation.
(2) In addition, a chair or single arbitrator with the above experience may not have represented primarily the views of employers or of employees within the last five years. For purposes of this Rule, the term "primarily" shall be interpreted to mean 50% or more of the arbitrator's business or professional activities within the last five years.
(c) Waiver of Special Qualifications
If all parties agree, after a dispute arises, they may waive any of the qualifications set forth in paragraph (a) or (b) above.
| Amended by SR-FINRA-2008-021 eff. Dec. 15, 2008. Adopted by SR-NASD-99-08 eff. Jan. 18, 2000. Selected Notices: 99-96, 08-57. |