12214. Payment of Arbitrators

(1) $300 to each arbitrator for each hearing session in which he or she participates;

(2) an additional $125 to the chairperson for each prehearing conference in which he or she participates;

(3) an additional $250 per day to the chairperson for each hearing on the merits;

(4) $50 to each arbitrator for travel to a hearing session that is postponed pursuant to Rule 12601;

(5) $600 to each arbitrator if a hearing session other than a prehearing conference is postponed within 10 days before a scheduled hearing session pursuant to Rules 12601(a)(1)(B), (a)(2) and (b)(2); and

(6) $100 to each arbitrator scheduled to attend a prehearing conference that is cancelled within three business days of the prehearing conference by agreement of the parties or is requested by one or more parties within three business days of the prehearing conference and granted, pursuant to Rules 12500(d) and 12501(d).

(1) FINRA will pay each arbitrator an honorarium of $200 to decide without a hearing session: (i) a discovery-related motion, (ii) a motion that contains one or more contested subpoena requests or contested orders for production or appearance; or (iii) a motion that contains one or more contested subpoena requests and contested orders for production or appearance. This paragraph does not apply to cases administered under Rule 12800.

(2) For purposes of paragraph (c)(1):

(3) The panel will allocate the cost of the honoraria under paragraph (c)(1) to the parties pursuant to Rule 12902(c).

(1) The chairperson who is responsible for writing an explained decision pursuant to Rule 12904(g) will receive an additional honorarium of $400.

(2) If the panel decides on its own to write an explained decision, then no panel member will receive the additional honorarium of $400.