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12209. Legal Proceedings

This rule is no longer applicable. NASD Rule 12209 has been superseded by FINRA Rule 12209. Please consult the appropriate FINRA Rule.

The Customer Code will apply to claims filed on or after April 16, 2007. In addition, the list selection provisions of the Customer Code will apply to previously filed claims in which a list of arbitrators must be generated after April 16, 2007; in these cases, however, the claim will continue to be governed by the remaining provisions of the old Code unless all parties agree to proceed under the new Code.

During an arbitration, no party may bring any suit, legal action, or proceeding against any other party that concerns or that would resolve any of the matters raised in the arbitration.
Adopted by SR-NASD-2003-158 eff. April 16, 2007.

Selected Notices: 07-07

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