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30 July 07: NYSE Regulation’s Arbitration Department (NYSE) combined with NASD Dispute Resolution (NASD DR) as part of a new entity, FINRA. As a result, on or after August 6, 2007, all new arbitration cases must be filed with FINRA, using the procedures outlined on the FINRA website under “Start an Arbitration or Mediation.”
The rules governing the administration of any particular case will depend on the date the case was filed. This will ensure that any person that commenced a case under a particular set of arbitration rules (i.e. NYSE rules or NYSE Arca rules) will continue to have the case administered pursuant to those rules through to the case's conclusion. Cases in which submission agreements have been filed without the required statement of claim and filing fees will need to have all necessary items submitted within 30 days of August 6, 2007. If the necessary items are not submitted within that time frame, cases will be governed by the NASD’s Code of Arbitration Procedure.
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