[Federal Register Volume 84, Number 153 (Thursday, August 8, 2019)]
[Notices]
[Pages 39028-39029]
[FR Doc No: 2019-17103]

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SECURITIES AND EXCHANGE COMMISSION

Sunshine Act Meetings

TIME AND DATE: Notice is hereby given, pursuant to the provisions of
the Government in the Sunshine Act, Public Law 94-409, that the
Securities and Exchange Commission Small Business Capital Formation
Advisory Committee will hold a public meeting on Tuesday August 13,
2019, at 9:30 a.m. (CT)

PLACE: The meeting will be held at Creighton University, in The
President's Fitzgerald Boardroom on the fourth floor of the Mike and
Josie Harper Center, located at 602 North 20th Street, Omaha, Nebraska
68178.

STATUS: The meeting will be open to the public. Seating will be on a
first-come, first-served basis. The meeting will be webcast on the
Commission's website at www.sec.gov.

MATTERS TO BE CONSIDERED: On July 9, 2019, the Commission issued a
press release indicating where the meeting would be held and that it
would open

to the public. On August 2, 2019, the Commission published notice of
the Committee meeting (Release No. 33-10666), indicating that the
meeting is open to the public and inviting the public to submit written
comments to the Committee. This Sunshine Act notice is being issued
because a majority of the Commission may attend the meeting.
    The agenda for the meeting includes matters relating to rules and
regulations affecting small and emerging companies under the federal
securities laws.

CONTACT PERSON FOR MORE INFORMATION: For further information, please
contact Vanessa A. Countryman from the Office of the Secretary at (202)
551-5400.

    Dated: August 6, 2019.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2019-17103 Filed 8-6-19; 4:15 pm]
BILLING CODE 8011-01-P


[Federal Register: February 4, 2008 (Volume 73, Number 23)]
[Notices]
[Page 6537-6539]
[DOCID:fr04fe08-73]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-57225; File No. SR-FINRA-2007-042]

Self-Regulatory Organizations; Financial Industry Regulatory
Authority, Inc.; Notice of Filing and Immediate Effectiveness of
Proposed Rule Change Relating to Amendments to the Codes of Arbitration
Procedure To Remove the Page Limit on Statements of Claim Filed Through
the Online Arbitration Claim Filing System

January 29, 2008.
    Pursuant to section 19(b)(1) of the Securities Exchange Act of 1934
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on December 27, 2007, Financial Industry Regulatory Authority, Inc.
(``FINRA'') (f/k/a National Association of Securities Dealers, Inc.
(``NASD'')) filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change as described in Items I, II,
and III below, which Items have been substantially prepared by FINRA.
FINRA has designated the proposed rule change as concerned solely with
the administration of the self-regulatory organization under section
19(b)(3)(A)(iii) of the Act \3\ and Rule 19b-4(f)(3) thereunder,\4\
which renders the proposal effective upon receipt of this filing by the
Commission. The Commission is publishing this notice to solicit
comments on the proposed rule change from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \4\ 17 CFR 240.19b-4(f)(3).
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    FINRA is proposing to amend Rule 12302 of the Code of Arbitration
Procedure for Customer Disputes (``Customer Code'') and Rule 13302 of
the Code of Arbitration Procedure for Industry Disputes (``Industry
Code'') to remove the 50-page limit on Statements of Claim filed
through the Online Arbitration Claim Filing System (``the System''), to
allow parties to submit exhibits to Statements of Claim through the
System, and to reflect the new FINRA name.\5\ Below is the text of the
proposed rule change. Proposed new language is in italics; proposed
deletions are in brackets.
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    \5\ Specifically, FINRA is updating its Internet address and the
title of the Tracking Form generated by the System.
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* * * * *
12302. Filing an Initial Statement of Claim
    (a) Filing Claim with the Director
    (1) To initiate an arbitration, a claimant must file the following
with the Director:
     Signed and dated Uniform Submission Agreement; and
     A statement of claim specifying the relevant facts and
remedies requested.
    The claimant may include any additional documents supporting the
statement of claim.
    (2) A claimant may use the online claim notification and filing
procedure to complete part of the arbitration claim filing process
through the Internet. To commence this process, a claimant may complete
a Claim Information Form that can be accessed through [http://www.nasd.com] http://www.finra.org. In completing the Claim Information

Form, the claimant may attach an electronic version of the statement of
claim, and any additional documents supporting the statement of claim,
to the form[, provided it does not exceed 50 pages]. Once this online
form has been completed, [an NASD] a FINRA Dispute Resolution Tracking
Form will be generated and displayed for the claimant to reproduce as
necessary. The claimant shall then file with the Director the rest of
the materials required in subparagraph (1) of the rule, along with a
hard copy of the [NASD] FINRA Dispute Resolution Tracking Form.
    (b)-(d) No change.
13302. Filing an Initial Statement of Claim
    (a) Filing Claim with the Director
    (1) To initiate an arbitration, a claimant must file the following
with the Director:
     Signed and dated Uniform Submission Agreement; and
     A statement of claim specifying the relevant facts and
remedies requested.
    The claimant may include any additional documents supporting the
statement of claim.
    (2) A claimant may use the online claim notification and filing
procedure to complete part of the arbitration claim filing process
through the Internet. To commence this process, a claimant may complete
a Claim Information Form that can be accessed through [http://www.nasd.com] http://www.finra.org. In completing the Claim Information

Form, the claimant may attach an electronic version of the statement of
claim, and any additional documents supporting the statement of claim,
to the form[, provided it does not exceed 50 pages]. Once this online
form has been

completed, [an NASD] a FINRA Dispute Resolution Tracking Form will be
generated and displayed for the claimant to reproduce as necessary. The
claimant shall then file with the Director the rest of the materials
required in subparagraph (1) of the rule, along with a hard copy of the
[NASD] FINRA Dispute Resolution Tracking Form.
    (b)-(d) No change.
* * * * *

II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, FINRA included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. FINRA has prepared summaries, set forth in sections A,
B, and C below, of the most significant aspects of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

1. Purpose
    FINRA is amending its Customer Code and Industry Code to remove the
50-page limit on Statements of Claim filed through the System, to allow
parties to submit exhibits to Statements of Claim through the System,
and to reflect the new FINRA name. The proposed rule change is intended
to encourage more claimants to use online filing. The System will not
have any limitation on the number of pages submitted so long as they
are submitted as a single document.
    To begin an arbitration, a claimant submits a signed and dated
Uniform Submission Agreement, a Statement of Claim specifying the
relevant facts and remedies requested, any exhibits supporting the
Statement of Claim, and the required fees. When a claim is filed in
hard copy, the claimant is required to submit sufficient copies of the
Statement of Claim for the forum, each arbitrator and each other party.
    Since August 2004, FINRA has allowed claimants to file an
electronic version of the Statement of Claim so long as the submission
does not exceed 50 pages. The Statement of Claim may include exhibits
if they are part of the same document and the total number of pages is
no more than 50. Claimants who file online also complete an online
Claim Information Form containing details about the names and addresses
of the parties and their counsel, the issues in controversy, and so
forth. Once the Claim Information Form is completed, a Dispute
Resolution Tracking Form is generated by the System. Claimants then
mail in a signed and dated Uniform Submission Agreement, a copy of the
Dispute Resolution Tracking Form, the required fees, and any exhibits.
The case is deemed to be filed when all such materials are received.
    With electronically filed claims, FINRA staff prints the required
copies for the arbitrators and the other parties. The 50-page limit was
originally imposed to ensure that FINRA had sufficient resources to
process electronic claims efficiently. Having gained experience with
electronic filing, FINRA is prepared to process efficiently the
additional volume associated with longer Statements of Claim and
exhibits.
2. Statutory Basis
    FINRA believes that the proposed rule change is consistent with the
provisions of section 15A(b)(6) of the Act,\6\ which requires, among
other things, that FINRA rules must be designed to prevent fraudulent
and manipulative acts and practices, to promote just and equitable
principles of trade, and, in general, to protect investors and the
public interest. By removing the page limitation on submissions through
the System, the proposed rule change will provide investors, and other
claimants, with expanded access to the System and will make claim
processing more efficient.
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    \6\ 15 U.S.C. 78o-3(b)(6).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    FINRA does not believe that the proposed rule change will result in
any burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others

    Written comments were neither solicited nor received.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    The foregoing rule change has become effective pursuant to section
19(b)(3)(A) of the Act \7\ and paragraph (f)(3) of Rule 19b-4
thereunder \8\ because it is concerned solely with the administration
of FINRA.\9\ At any time within 60 days of the filing of the proposed
rule change, the Commission may summarily abrogate such rule change if
it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act.
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    \7\ 15 U.S.C. 78s(b)(3)(A).
    \8\ 17 CFR 240.19b-4(f)(3).
    \9\ The applicability of Rule 19b-4(f)(3) is limited to matters
concerned solely with the administration of a self-regulatory
organization. Because this narrowly tailored rule change is limited
to relaxing administrative restrictions on the length of documents
solely for claims processed online and updating FINRA's name and
Internet address for purposes of these claims, it meets the Rule
19b-4(f)(3) standard.
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IV. Solicitation of Comments

    Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml.
); or     Send an e-mail to<EMAIL_ADDRESS>Please include

File Number SR-FINRA-2007-042 on the subject line.

Paper Comments

     Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090.

All submissions should refer to File Number SR-FINRA-2007-042. This
file number should be included on the subject line if e-mail is used.
To help the Commission process and review your comments more
efficiently, please use only one method. The Commission will post all
comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml
). Copies of the submission, all subsequent amendments,

all written statements with respect to the proposed rule change that
are filed with the Commission, and all written communications relating
to the proposed rule change between the Commission and any person,
other than those that may be withheld from the public in accordance
with the provisions of 5 U.S.C. 552, will be available for inspection
and copying in the Commission's Public Reference Room, 100 F Street,
NE., Washington,

DC 20549, on official business days between the hours of 10 a.m. and 3
p.m. Copies of such filing also will be available for inspection and
copying at the principal office of FINRA. All comments received will be
posted without change; the Commission does not edit personal
identifying information from submissions. You should submit only
information that you wish to make available publicly. All submissions
should refer to File Number SR-FINRA-2007-042 and should be submitted
on or before February 25, 2008.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E8-1960 Filed 2-1-08; 8:45 am]

BILLING CODE 8011-01-P