The new rule—Rule 10336—will be entitled Single Arbitrator Pilot Program and will be effective
for a two-year period. The Pilot Program is voluntary and will allow parties with claims of
$50,000.01 to $200,000 to select a single arbitrator to hear their cases, rather than the panel of
three arbitrators they would otherwise select.
New rules that create a new Rule 10210 Series, containing special rules applicable to the
arbitration of employment discrimination claims; add a new Rule 3080, which contains a model
disclosure statement to be given to persons who are signing the Form U-4 to apply for
registration; and make conforming changes to Rules 10201 and 10202.1
Current definitions will be amended to expanded to encompass those who hold a five percent or
greater interest in the member firm and to include explicitly a person who has applied for
NASD Notice to Members 99-23 -Arbitration fees for customers and members are increased. In
some instances, member fees will double, and even triple.
NASDR's quarterly newsletter for arbitrators. Topics include a discovery guide update, the new
mediation rules, arbitrator disclosure and oath changes.
INASD arbitrators can use this online form to update NASD Dispute Resolution of any new or
revised information about their status.
The NASD's quarterly publication for arbitrators. This issue's topics include new mediation fees,
mediation contacts and session locations, an update on Injunctive Relieve, tools for conducting
an effective prehearing conference, arbitrator disclosure, and arbitration statistics
The Neutral Corner is published by the NASD Regulation Office of Dispute Resolution. This
newsletter's target audience is NASD Regulation neutrals (arbitrators and mediators). It is
published three times a year.
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Mark J. Astarita, Esq., a partner
in the law firm of Beam & Astarita, LLC, and represents financial professionals
in a wide variety of matters. He is also the sponsor of The Securities Law Home
Page on the World Wide Web (www.seclaw.com)
and can be reached at (212) 509-6544 or by e-mail at astarita@seclaw.com .
Nothing herein is intended
as legal or financial advice. The law is different in different jurisdictions,
and the facts of a particular matter can change the application of the law.
Please consult an attorney or your financial advisor before acting upon the
information contained in this article.
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