Mediator Fees and Expenses

The parties to a mediation administered under the Mediation Code must pay all of the mediator's charges, including the mediator's travel and other expenses, if any. The charges must be specified in the Mediation Submission Agreement, and must be apportioned equally among the parties, unless they agree otherwise.

 

Each party shall deposit with FINRA its proportionate share of the anticipated mediator charges and expenses, as determined by the Director of Mediation, prior to the first mediation session.

 

FINRA will request a deposit for anticipated fees prior to the start of the mediation. The fees are an estimate based on the time it takes most cases to mediate and on any related mediator travel expenses and conference room costs.