Order on Request for Permanent Injunction - finra

<strong>Order</strong> on Request for Permanent InjunctionAt the conclusion of a hearing on a request for permanent injunction under FINRArules 1 , please complete this form.An in-person or telephonic hearing on a request for Permanent Injunctionunder FINRA rules was held in the matter of:CLAIMANT(S): ___________________________________________________RESPONDENT(S): ________________________________________________CASE #: ________________________________________________________The hearing was held on _____________________________(month/date/year).The follow individuals participated in the hearing: [list the attending individuals]Chairperson: _____________________________________________________Panelist: ________________________________________________________Panelist: _________________________________________________________Claimant’s Representative: __________________________________________#1 Respondent’s Representative: _____________________________________#2 Respondent’s Representative: _____________________________________FINRA Dispute Resolution Staff: ______________________________________At the hearing for permanent injunction, the following occurred:1. Respondent ______________________________________________ filedits answer to the statement of claim.1 Industry Code: Rule 13804; Old Code: Rule 10335

2. Respondent _______________________________________________ filedits answer to the statement of claim.3. The parties accepted the panel's composition. (If not, please explain.)________________________________________________________________________________________________________________________________________________________________________________________________4. In determining the request for permanent injunction, the panel used thefollowing legal standard (Select one):a. Choice of law as indicated in the parties’ agreement; or,b. The law of state where events occurred if there is no agreement.5. On Claimant ___________________________________’s request forpermanent injunction, the panel rules as follows (circle and complete allselections that apply):a. Grantedb. Deniedc. The permanent injunction filed by ________________________________shall become effective:i. Upon the expiration of the TRO used by the Court on month/date/year)_____________________________________________ and expire on________________________________________________________ii. Immediately and will expire on (month/date/year)________________________________________________________________________________________________________________________________________________________________________6. On Respondent ___________________________________________’srequest for permanent injunction, the panel rules as follows (circle andcomplete all selections that apply):a. Grantedb. Deniedc. The permanent injunction filed by ___________________________ shallbecome effective:i. Upon the expiration of the TRO used by the Court on month/date/year)__________________________________________________ andexpire on ________________________________________________ii. Immediately and will expire on (month/date/year)________________________________________________________7. The parties are prohibited from seeking an extension of the court’s order.Yes or No

8. The parties are directed to jointly move the court to modify or dissolve thecourt order. The parties shall file this motion within _____________________days from the date of this order.9. The panel has scheduled additional hearings to resolve damages and otherissues as follows:a. The next scheduled hearing session will be held on (month/date/year)___________________________________ at ______________ (time).The following dates have also been reserved for this hearing:_________________________________________________________________________________________________________________________________________________________________________________b. The arbitrators and parties have tentatively reserved (month/date/year)___________________________at ______________ (time) for a Prehearingconference to resolve_________________________________________________________________________________________________________________________________________________________________________________c. The Chairperson and parties have tentatively reserved _______________(month/day/year) at __________ (time) for a Pre-hearing conference toresolve the following discovery matters:_________________________________________________________________________________________________________________________________________________________________________________d. If Pre-hearing briefs are filed, they must be filed by: __________________Response filed by: ____________________________________________Reply filed by: _______________________________________________e. If motions are filed, they must be filed by: __________________________Response filed by: ____________________________________________Reply filed by: _______________________________________________10. Other rulings (i.e., arbitration fees, extra fees to be deposited, etc.):a. The parties are liable for the increased arbitrator honoraria on thehearing for the permanent injunction as follows:___________________________________________________________________________________________________________________________________________________________________________

. The parties are liable for the reasonable travel expenses of arbitrator,_________________________________, who traveled outside his orher assigned hearing location as follows:Claimant #1 is assessed ______________________________________Claimant #2 is assessed ______________________________________Respondent #1 is assessed ___________________________________Respondent #2 is assessed ___________________________________Respondent #3 is assessed ___________________________________11. If the parties settle this matter with no further hearings:a. The cost of this permanent injunction hearing and any other hearing,including initial Pre-hearing conference or Pre-hearing conference, willbe borne as follows:Claimant #1 is assessed ______________________________________Claimant #2 is assessed ______________________________________Respondent #1 is assessed ___________________________________Respondent #2 is assessed ___________________________________Respondent #3 is assessed ___________________________________b. Is this preliminary assessment joint and several? Yes or Noc. If this preliminary assessment is joint and several, state below theparties against whom it is made (circle all that applies):i. Claimants onlyii. Respondents onlyiii. Claimants and Respondents___________________________________________________________________________________________________________________________________________________________________________

NOTE: FINRA rules 2 provide that chairperson shall receive $375.00 for a singlesession and $700 for each double session on the permanent injunction, whilepanelists shall receive $300 for each single session and $600 for each doublesession. The Rule provides that the parties shall equally pay the differencebetween regular and the injunctive relief honorarium 3 and that the arbitrators mayreallocate this additional amount among the parties in the award. Thisincreased honorarium applies only to hearings for permanent injunctionand does not apply to Pre-hearing conferences or additional hearings ondamages or other issues.FINRA rules 4 provides that the parties shall jointly bear an arbitrator’s reasonabletravel-related costs and expenses for required travel to a hearing location otherthan the arbitrator’s primary hearing location(s). The arbitrator may reallocatesuch costs and expenses among the parties in the award.If a member firm fails to satisfy an invoice, FINRA Dispute Resolution will debit themember firm’s CRD account.This order will remain in effect unless amended by the arbitration panel.Dated:___________________________________Chairperson’s Name and Signature________________________________Panelist’s Name and Signature________________________________Panelist’s Name and Signature2 Industry Code: Rule 13804(b)(6)(c); Old Code: Rule 10335(b)(6)(c)3 Industry Code: Rules 13214 and 13804(b)(6)(c)4 Industry Code: Rule 13804(b)(6)(A); Old Code: Rule 10335(b)(6)(A)