SEC Approves Amendments Raising the Threshold for Single Arbitrator Cases to $100,000

Effective March 30, 2009, FINRA will raise the threshold for appointing a single chair-qualified arbitrator. The SEC approved amendments to FINRA Rule 12401 of the Code of Arbitration Procedure for Customer Disputes and FINRA Rule 13401 of the Code of Arbitration Procedure for Industry Disputes to raise the amount in controversy for appointing a single chair-qualified arbitrator to $100,000.

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