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12600. Required Hearings

This rule is no longer applicable. NASD Rule 12600 has been superseded by FINRA Rule 12600. 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.

(a) Hearings will be held, unless:
•  The arbitration is administered under Rule 12800 or Rule 12801;
•  The parties agree otherwise in writing; or
•  The arbitration has been settled, withdrawn or dismissed.
(b) The panel will decide the time and date of the hearing at the initial prehearing conference or otherwise in another manner.
(c) The Director will notify the parties of the time and place at least 20 days before the hearing begins, unless the parties agree to a shorter time.
Adopted by SR-NASD-2003-158 eff. April 16, 2007.

Selected Notices: 07-07

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