October is FINRA Mediation Settlement Month
FINRA and Its Mediators Offer Reduced Mediation Costs
The Office of Dispute Resolution invites you to take advantage of significantly reduced mediation prices during FINRA Mediation Settlement Month. Our aim is to encourage parties to experience the benefits of mediation for the first time, and to reinforce its value and effectiveness for those who have mediated already.
To participate in this program, Parties must have entered into a mediation agreement by October 31, 2021, and conducted the mediation by December 31, 2021.
During Mediation Settlement Month, FINRA will cut its Mediation Filing Fees in half. To determine what rates may apply to your case check FINRA Mediation Fees. FINRA participating mediators will offer the following rates for mediation sessions:
- The amount in controversy up to $25,000 parties pay $100/party for a 4-hour mediation
- The amount in controversy from $25,000.01 to $100,000 parties pay $200/party for a 4-hour mediation
- The amount in controversy over $100,000 parties pay $500/party for an 8-hour mediation
(Any time over the above listed amounts, the rate will be at the selected mediator’s regular hourly rate.)
We anticipate another successful Mediation Settlement Month, so start planning now. To learn more information about this program, please call or email a mediation administrator listed below.
|National Mediation Administrator||Mara Weinstein||(212) 858-4384|
|National Mediation Administrator||Narielle Robinson||(561) 447-4927|
Each year during Mediation Settlement Month, FINRA helps coordinate Mediation Settlement Day. This event joins together over one hundred public service organizations, community-based programs, schools, court programs, and bar organizations to help promote awareness and use of mediation.
View more about Dispute Resolution Locations & Contacts on our site.