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Dec 15 2008 - Apr 2 2017Apr 3 2017 onwards

12310. Answering Amended Claims

This version is valid from Dec 15 2008 through Apr 2 2017.
Amendments have been announced but are not yet effective. To view other versions open the versions tab on the right.

(a) If a claim is amended before it has been answered, the respondent's original time to answer is extended by 20 days.
(b) If a claim is amended after it has been answered, but before a panel has been appointed, the respondent has 20 days from the time the amended claim is served to serve an amended answer.
(c) If a claim is amended after a panel has been appointed, the respondent has 20 days from the time the respondent receives notice that the panel has granted the motion to amend the claim to serve an amended answer.
(d) The amended answer must be directly served on each other party. At the same time, the amended answer must also be filed with the Director, with additional copies for each arbitrator.
(e) If the amended claim adds a new party to the arbitration, the new party's answer is governed by Rule 12306.
Amended by SR-FINRA-2008-021 eff. Dec. 15, 2008.
Adopted by SR-NASD-2003-158 eff. April 16, 2007.

Selected Notice: 07-07, 08-57.

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