(a) Except as provided in paragraph (b) of this Rule,
Rule 13800, and
Rule 13807(f), FINRA will pay the panel an honorarium, as follows:
(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
13601;
(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
13601(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
13500(d) and
13501(d).
(b) The Director may authorize a higher or additional honorarium for the use of a foreign hearing location.
(c) Payment for Deciding Discovery-Related Motions, Contested Subpoena Requests, and Contested Orders for Production or Appearance without a Hearing Session
(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 13800 or pursuant to
Rule 13807(d)(1).
(2) For purposes of paragraph (c)(1)
:
i. a discovery-related motion and any replies or other correspondence relating to the motion shall be considered to be a single motion;
ii. a contested motion requesting the issuance of one or more subpoenas shall include the motion, the draft subpoena(s), a written objection from the party opposing the motion, and any other documents supporting a party's position; and
iii. a contested motion requesting the issuance of one or more orders for production or appearance shall include the motion, the draft order(s), a written objection from the party opposing the motion, and any other documents supporting a party's position.
(3) The panel will allocate the cost of the honoraria under paragraph (c)(1) to the parties pursuant to
Rule 13902(c).
(d) Payment for Explained Decisions
(1) The chairperson who is responsible for writing an explained decision pursuant to
Rule 13904(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.
