Skip to main content

For updates and guidance related to COVID-19 / Coronavirus, click here.

13903. Process Fees Paid by Members

(a) Each member that is a party to an arbitration in which more than $25,000, exclusive of interest and expenses, is in dispute must pay non-refundable process fee, due at the time the parties are sent arbitrator lists in accordance with Rule 13403(b), as set forth in the schedule below.
Process Fee Schedule

 

Amount of Claim
(exclusive of interest
and expenses)
Process Fee
$.01–$25,000 $0
$25,000.01–$50,000 $1,750
$50,000.01–$100,000 $2,250
$100,000.01–$250,000 $3,250
$250,000.01–$500,000 $3,750
$500,000.01–$1,000,000 $5,075
$1,000,000.01–$5,000,000 $6,175
$5,000,000.01–$10,000,000 $6,800
Over $10,000,000 $7,000
Non-Monetary/Not Specified $3,750

 

(b) If an associated person of a member is a party, the member that employed the associated person at the time the dispute arose will be charged the process fees, even if the member is not a party.
(c) If an associated person files a request for expungement of customer dispute information pursuant to Rule 13302, the process fee shall be the Non-Monetary/Not Specified fee under Rule 13903(a). If the associated person adds a monetary claim to the expungement request, the process fee shall be the Non-Monetary/Not Specified fee or the applicable surcharge provided in Rule 13903(a)(1), whichever is greater.
(d) The panel may not reallocate to any other party any process fees paid by a member.
(e) No member shall be assessed more than one process fee in any arbitration.
Amended by SR-FINRA-2020-005 eff. Sept. 14, 2020.
Amended by SR-FINRA-2014-026 eff. Dec. 15, 2014.
Amended by SR-FINRA-2008-021 eff. Dec. 15, 2008.
Adopted by SR-NASD-2004-011 eff. April 16, 2007.

Selected Notice: 07-07, 08-57, 14-49, 20-25.

No Results Found

No Results Found

No Results Found

No Results Found