12603. Failure to Appear
This rule is no longer applicable. NASD Rule 12603 has been superseded by FINRA Rule 12603. Please consult the appropriate FINRA Rule.
The Customer Code will apply to claims filed on or after April 16, 2007. In addition, the list selection provisions of the Customer Code will apply to previously filed claims in which a list of arbitrators must be generated after April 16, 2007; in these cases, however, the claim will continue to be governed by the remaining provisions of the old Code unless all parties agree to proceed under the new Code.
If a party fails to appear at a hearing after having been notified of the time, date and place of the hearing, the panel may determine that the hearing may go forward, and may render an award as though all parties had been present.
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Adopted by SR-NASD-2003-158 eff. April 16, 2007. Selected Notices: 07-07 |