A) Proposed Amendments to Sections 7, 11 and 18 of NFA's Code of Arbitration (additions are underscored and deletions are stricken):
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SECTION 7. RIGHT TO COUNSEL.
SECTION 11. ARBITRATION FEES.
Except as provided in Section 18 of this Code, each party filing a claim under this Code shall pay a filing and hearing fee based on the amount claimed, including punitive and treble damages but exclusive of interest and costs, as follows:
|Amount of Claim||Filing Fee||Hearing Fee|
|$0.00 - $2,500.00||$50.00||$125.00|
|$2,500.01 - $5,000.00||$100.00||$125.00|
|$5,000.01 - $10,000.00||$150.00||$200.00|
|$10,000.01 - $15,000.00||$175.00||$675.00|
|$15,000.01 - $150,000.00||$200 plus 1% of excess over $15,000.00||$1,275.00|
|$150,000.01 - $500,000.00||$1,550.00||$2,550.00|
|More than $500,000.00||$1,550.00||$5,100.00|
NFA will assess hearing fees for discovery conferences, hearing plan conferences, and preliminary or other hearing sessions. Where the hearing fees paid by the parties is not enough to cover the standard preset fees to be paid by NFA to the arbitrators, NFA shall collect additional fees to cover the fees to be paid to the arbitrators. If a case requires more than four days of hearing, the hearing fees will be twice the standard preset fees, unless the arbitrators order the fees to remain at the standard amount. The arbitrators, in their discretion, may assess the entire fee against any party or may divide the fee among any or all parties. Hearing fees shall be paid to NFA in advance of the hearing sessions to which they apply.
SECTION 18. APPLICABILITY OF MEMBER ARBITRATION RULES