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Regulatory Alert

MIAX Pearl

October 22, 2018 | 03:45 PM

MIAX PEARL - FINRA Arbitration Rule Change Notice: Approved Rule Change to Pay Arbitrators a $200 Honorarium to Decide Without a Hearing Session a Contested Subpoena Request or a Contested Order for Production or Appearance

FINRA has received approval to amend FINRA Rule 12214(c) of the Code of Arbitration Procedure for Customer Disputes and FINRA Rule 13214(c) through (e) of the Code of Arbitration Procedure for Industry Disputes, to provide that FINRA will pay each arbitrator a $200 honorarium to decide without a hearing session a contested subpoena request or a contested order for production or appearance.

MIAX PEARL is required to inform its Members of rule changes to FINRA’s arbitration rules published by the Securities and Exchange Commission.

Please refer to MIAX PEARL Regulatory Circular 2018-43 for further information.

Please direct any questions to the Regulatory Department at (609) 897-7309 or Regulatory@miaxglobal.com.