Mediation Rules

The Code of Mediation Procedure governs how parties mediate disputes through FINRA's Mediation Program. The Mediation Code details:

• Mediation's Effect on Arbitration Proceedings
  Depending on the agreement of parties, mediation can suspend activity in arbitration until the mediation concludes, or both processes may continue on parallel tracks.
• Representation in Mediation
  Parties may represent themselves in mediation or be represented by an attorney—or state law may dictate others who can represent a party in mediation.
• Mediator Selection
  The Director of Mediation or the parties themselves can suggest potential mediators.
• Mediation Ground Rules
  The rules provide the framework for how a mediation must be conducted.
• Fees
  Parties pay an administrative fee for mediating through FINRA and are responsible for the mediator's fee, and also for any expenses.