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12412. Director’s Discretionary Authority

This rule is no longer applicable. NASD Rule 12412 has been superseded by FINRA Rule 12412. 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.

The Director may exercise discretionary authority and make any decision that is consistent with the purposes of the Code to facilitate the appointment of arbitrators and the resolution of arbitrations.
Adopted by SR-NASD-2003-158 eff. April 16, 2007.

Selected Notices: 07-07

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