Table of Contents
SERIES 24 | FINANCIAL REGULATION COURSES
FINRA Rule 9220 is the organizing header rule for the subsection of the 9200 Disciplinary Proceedings series that governs the respondent's right to request a hearing and the Hearing Officer's authority over scheduling — the cluster of rules that bridges the pleadings phase completed by FINRA Rule 9215's answer and the hearing preparation phase governed by the 9230 and 9240 subseries. Its title — Request for Hearing; Extensions of Time, Postponements, Adjournments — announces the subject matter of the two substantive rules that follow: FINRA Rule 9221, which governs the right to request a hearing and the procedural consequences of that request, and FINRA Rule 9222, which governs extensions of time, postponements, and adjournments throughout the disciplinary proceeding.
FINRA Rule 9220 sits within the 9200 Disciplinary Proceedings section of the 9000 Code of Procedure series as the structural header for the 9220 subsection. Like FINRA Rule 9130 — the header for the service and filing subsection — and FINRA Rule 9240 — the header for the pre-hearing conference and submission subsection — FINRA Rule 9220 has no independent operative text of its own. Its function is purely architectural: it names the subsection, delineates its boundary within the 9200 series, and signals to practitioners that FINRA Rules 9221 and 9222 form a unified framework governing hearing requests and scheduling flexibility. The phrase Rule 9220 Series, when used in other Code provisions, refers to FINRA Rules 9221 and 9222 collectively.
The timing significance of the 9220 subsection in the disciplinary proceeding lifecycle is important to understand. FINRA Rule 9215's answer triggers the hearing right — a respondent must request a hearing with the filing of their answer or waive it. FINRA Rule 9221 governs how that hearing request is made, what it must contain, what the mandatory consequences of a proper hearing request are, and what happens when no hearing is requested. FINRA Rule 9222 then governs the scheduling flexibility available once the hearing has been requested — the ability to extend filing deadlines, postpone hearings, and adjourn proceedings that have already begun. Together the two rules manage the critical transition from the pleadings stage to the hearing preparation stage and the scheduling infrastructure that keeps the hearing process on track from request through completion.
The connection to FINRA Rule 9212(a)(2) — which permits the Department of Enforcement to propose a hearing location and request a Market Regulation Committee Panelist at the time of complaint issuance — is direct. FINRA Rule 9221 then provides the corresponding respondent initiative: the respondent's answer may similarly propose a hearing location and request a Market Regulation Committee Panelist. The exchange of these proposals through the complaint and answer creates the factual record that the assigned Hearing Officer uses in setting the hearing date, location, and Panel composition under FINRA Rule 9221's notice requirements.
The connection to FINRA Rule 9213's Hearing Officer and Panelist appointment framework is equally direct. Once a hearing has been requested under FINRA Rule 9221, the Hearing Officer assigned under FINRA Rule 9213 issues the hearing notice required by FINRA Rule 9221 — the formal scheduling order that sets the hearing date, time, place, and Panel type at least twenty-eight days in advance. FINRA Rule 9222's extension and postponement authority then operates continuously from that scheduling order through the completion of the hearing and issuance of the Hearing Panel's decision.
FINRA Rule 9220 was adopted as part of the Code of Procedure by SR-NASD-97-28 effective August 7, 1997 and has been maintained as the subsection header through all subsequent amendments to the rules within it. Its selected notices — 00-56 and 08-57 — reflect the 2000 and 2008 amendments to the rules within the subsection rather than to the header rule itself.
FINRA Rule 9220 is tested on the Series 24 General Securities Principal examination as the structural header of the hearing request and scheduling flexibility subsection of the disciplinary proceedings framework. While it has no independent operative text, understanding its organizational role is essential to navigating the relationship between FINRA Rule 9215's answer obligation, FINRA Rule 9221's hearing request mechanism, and FINRA Rule 9222's scheduling flexibility provisions.
The key points to retain are these: FINRA Rule 9220 is the organizing header rule for the subsection governing the respondent's right to request a hearing and the Hearing Officer's authority over scheduling; it has no independent operative text but announces the subject matter of FINRA Rules 9221 and 9222 as a unified framework; the subsection sits between the pleadings stage completed by FINRA Rule 9215's answer and the hearing preparation stage governed by the 9230 and 9240 subseries; FINRA Rule 9221 governs the right to request a hearing and the consequences of that request; FINRA Rule 9222 governs extensions of time, postponements, and adjournments throughout the proceeding; and the rule was adopted in 1997 as part of the original Code of Procedure.
