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13700. Dismissal of Proceedings Prior to Award

This rule is no longer applicable. NASD Rule 13700 has been superseded by FINRA Rule 13700. Please consult the appropriate FINRA Rule.

The Industry Code will apply to claims filed on or after April 16, 2007. In addition, the list selection provisions of the Industry 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) The panel must dismiss an arbitration or a claim at the joint request of the parties to that arbitration or claim. The dismissal will be with or without prejudice, depending on the request of the parties.
(b) The panel may dismiss a claim or an arbitration:
  • Upon motion of a party under Rule 13206; or

  • On its own initiative under Rule 13212(c) or Rule 13601(c).
Adopted by SR-NASD-2004-011 eff. April 16, 2007.

Selected Notices: 07-07

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