FINRA - Rules and Regulations - FINRA Manual Online

Notices
(3 links)

08-57 FINRA Announces SEC Approval and Effective Date for New Consolidated FINRA Rules Effective Date: December 15, 2008

07-57 SEC Approves a Proposed Rule Change Relating to Representation of Parties in Arbitration and Mediation; Effective Date: December 24, 2007

05-85 SEC Approves a Proposed Rule Change to Revise the Mediation Rules of the NASD Code of Arbitration Procedure; Effective January 30, 2006

14107. Mediator Selection

(a) A mediator may be selected:

• By the parties from a list supplied by the Director;

• By the parties from a list or other source of their own choosing; or

• By the Director if the parties do not select a mediator after submitting a matter to mediation.

(b) For any mediator assigned or selected from a list provided by FINRA, the parties will be provided with information relating to the mediator's employment, education, and professional background, as well as information on the mediator's experience, training, and credentials as a mediator.

(c) Any mediator selected or assigned to mediate a matter shall comply with the provisions of Customer Code Rule 12408 or Industry Code Rule 13408, unless, with respect to a mediator selected from a source other than a list provided by FINRA, the parties elect to waive such disclosure.

(d) No mediator may serve as an arbitrator of any matter pending in FINRA arbitration in which he served as a mediator; nor may the mediator represent any party or participant to the mediation in any subsequent FINRA arbitration relating to the subject matter of the mediation.

Amended by SR-FINRA-2008-021 eff. Dec. 15, 2008.
Renumbered from Rule 14106 by SR-NASD-2006-109 eff. Dec. 24, 2007.
Renumbered from Rule 10407 and amended by SR-NASD-2007-022 eff. April 16, 2007.
Adopted by SR-NASD-2004-013 eff. Jan. 30, 2006.

Selected Notices: 05-85, 07-57, 08-57.