SEC Approves Amendments to Arbitration Codes to Raise the Limit for Simplified Arbitration From $25,000 to $50,000 (FINRA Regulatory Notice)

FINRA Reg. Notice 12-30

FINRA Rules 12800 and 13800 (Simplified Arbitration) of the Customer and Industry Codes of Arbitration Procedure (Codes) provide streamlined arbitration procedures for claimants seeking damages of $25,000 or less. The SEC approved amendments to the Codes to raise the dollar limit for simplified arbitration from $25,000 to $50,000.

Effective Date: July 23, 2012

Cross References: SEC Release 34-66913, 77 FR 27262 (May 9, 2012) (Approval of rule change; File No. SR-FINRA-2012-012); FINRA Rules 12401, 12800, 13401, 13800.