Determining Eligibility for the Code of Arbitration Procedure of NASD
Published on:
January 22, 1997
The Litigation Committee of the Securities Industry Association (SIA)* provide comments to the Securities and Exchange Commission (SEC) on the proposed rule change to amend the policy and practice concerning the application of eligibility provisions in Rule 10304 of the Code of Arbitration Procedure of the National Association of Securities Dealers, Inc. (NASD) to the effect that arbitrators, not the NASD Regulation staff shall determine whether a dispute is eligible for arbitration, SR-NASD 96-47. SIA requests the proposed rule change not be approved by the SEC.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.