Federal Register: SEC Files Proposed Fees for Late Cancellation of Prehearing Conferences

The SEC published for comment a proposed FINRA rule change that would implement fees for the late cancellation of a prehearing conference.

According to the proposal, fees would be imposed if a party or parties to a FINRA arbitration canceled a scheduled conference on short notice (i.e., within three business days). FINRA would issue a (i) $100 per-arbitrator fee and (ii) $100 honorarium for each arbitrator that was scheduled to attend the conference.

Comments regarding the proposed rule change must be submitted by June 8, 2018.