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10306. Settlements

This Code was superseded by the Customer Code (Rule 12000 Series) and the Industry Code (Rule 13000 Series) on April 16, 2007, for claims filed on or after that date. The Code remains in effect, however, for cases filed before April 16, 2007.

(a) Parties to an arbitration may agree to settle their dispute at any time.
(b) If the parties agree to settle their dispute, they will remain responsible for payment of fees incurred, including fees for previously scheduled hearing sessions and fees incurred as a result of adjournments, pursuant to Rule 10319.
(c) The terms of a settlement agreement do not need to be disclosed to FINRA. However, if the parties fail to agree on the allocation of outstanding fees, the fees shall be divided equally among all parties.
Amended by SR-FINRA-2008-021 eff. Dec. 15, 2008.
Amended by SR-NASD-2003-164 eff. Aug. 16, 2004.
Amended by SR-NASD-2001-21 eff. Nov. 19, 2001.

Selected Notices: 01-70, 04-53, 08-57.

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