SEC Approves FINRA-Proposed Rule to Amend Codes of Arbitration Procedures and Increase Certain Arbitration Fees (Fed. Reg.)

The SEC's approval of FINRA's proposed rule change to amend the codes of arbitration procedure for customer disputes and industry disputes to increase arbitrator honoraria and increase certain arbitration fees and surcharges was published in the Federal Register. In general, the amendments increase the member surcharges and process fees for claims larger than $250,000, as well as filing fees for investors, associated persons or firms bringing claims of more than $500,000, and hearing session fees for claims of more than $500,000.

See: 79 FR 59876.Related news: FINRA Proposes Rule Change to Amend the Codes of Arbitration Procedure to Increase Arbitrator Fees (June 13, 2014).