Mediator Qualifications and Application

Mediator Qualifications

 

To be considered for admission to the FINRA Dispute Resolution mediator roster, you must submit a completed application along with four letters of reference from parties or attorneys who have observed your mediation technique. Formal mediator training and experience serving as a mediator are additional requirements for admission to the roster. Prior experience resolving securities and/or employment disputes is strongly recommended. Additionally, you must demonstrate the ability to help parties communicate better, analyze risks, and explore options for mutual satisfaction.

 

Admission to FINRA Dispute Resolution's mediator roster is selective. Members of the FINRA Dispute Resolution National Arbitration and Mediation Committee review all mediator applications and make the final determination on the admission of mediator candidates. Individuals who have been the subject of disciplinary actions by a regulatory or government agency, or who are the subject of relevant criminal or civil proceedings, will not be considered for inclusion on our roster of mediators.

 

Model Standards of Conduct for Mediators

FINRA Dispute Resolution asks its mediators to adhere to the Model Standards of Conduct for Mediators and to use it as a guide for their conduct in FINRA Dispute Resolution mediations. These standards were first formulated by the American Bar Association, the American Arbitration Association, and the Association for Conflict Resolution in 1994 and revised by the same organizations in August of 2005 in response to the exponential growth in the field of mediation.

 

Mediator Selection And Compensation

 

If you are accepted as a mediator, FINRA Dispute Resolution will add you to its roster of approved mediators. On individual cases, parties choose their mediator from lists we provide of potential neutrals. FINRA Dispute Resolution will call you whenever the mediating parties select you for a case.

 

Mediators are not employees of FINRA Dispute Resolution. They are compensated by the parties at a rate agreed upon by the parties and the mediator when the mediator is selected for a case. The parties are also responsible for reimbursing the mediator for reasonable expenses incurred in connection with the mediation, according to the Submission Agreement.

 

You can find out more about the FINRA Dispute Resolution Mediation Program by reading Mediation—An Alternate Path to Resolving Securities Disputes.

 

Interested? Here's What To Do.

 

If you believe that you meet the qualifications for admission to FINRA Dispute Resolution's mediation roster, and if you are located in a city where we need mediators, you may request a mediator application. Note: Please list your name, complete address, and telephone number in your request.

 

Check Application Status

 

After submitting your application, you may check the status of your application. Note: Please include your city and state location, as well as (if applicable) your arbitrator identification number.