10333. Member Surcharge and Process Fees
This Code was superseded by the Customer Code (FINRA Rule 12000 Series) and the Industry Code (FINRA Rule 13000 Series) on April 16, 2007, for claims filed on or after that date.
(a) Member Surcharge
(3) The surcharge shall not be chargeable to any other party under Rules 10332(c) and 10205(c) of the Code. The Director will refund the surcharge paid by a member in an arbitration filed by a customer if the arbitration panel: (A) denies all of the customer's claims against the member or associated person; and (B) allocates all forum fees assessed pursuant to Rule 10332(c) against the customer. The Director may also refund or cancel the member surcharge in extraordinary circumstances.
Member Surcharge Schedule | |
Amount in Dispute | |
$.01–$2,500 | $150 |
$2,500.01–$5,000 | $200 |
$5,000.01–$10,000 | $325 |
$10,000.01–$25,000 | $425 |
$25,000.01–$30,000 | $600 |
$30,000.01–$50,000 | $875 |
$50,000.01–$100,000 | $1,100 |
$100,000.01–$500,000 | $1,700 |
$500,000.01–$1,000,000 | $2,250 |
$1,000,000.01–$5,000,000 | $2,800 |
$5,000,000.01–$10,000,000 | $3,350 |
Over $10,000,000 | $3,750 |
(b) Prehearing and Hearing Process Fees
(1) Each member that is a party to an arbitration proceeding in which more than $25,000 is in dispute will pay:
(3) The prehearing and hearing process fees shall not be chargeable to any other party under Rules 10332(c) and 10205(c) of the Code.
Hearing Process Fee Schedule | |
Damages Requested | Hearing Process Fee
|
$1–$25,000 | $ 0 |
$25,000.01–$50,000 | $ 1,000 |
$50,000.01–$100,000 | $ 1,700 |
$100,000.01–$500,000 | $ 2,750 |
$500,000.01–$1,000,000 | $ 4,000 |
$1,000,000.01–$5,000,000 | $ 5,000 |
More than $5,000,000 | $ 5,500 |
Unspecified | $ 2,200 |
Amended by SR-NASD-2003-01 eff. Jan. 13, 2003. Amended by SR-NASD-2001-62 eff. Nov. 19, 2001. Amended by SR-NASD-98-93 eff. Dec. 11, 1998. Amended by SR-NASD-97-96 eff. Jan. 2, 1998. Amended by SR-NASD-97-88 eff. Dec. 11, 1997. Amended by SR-NASD-97-40 eff. July 1, 1997. Amended by SR-NASD-94-74 eff. Dec. 28, 1994. Amended by SR-NASD-94-16 eff. Mar. 31, 1994. Added by SR-NASD-94-11 eff. Feb. 25, 1994. Selected Notices: 87-55, 88-14, 90-47, 94-26, 95-1, 98-1, 01-70, 03-06. |