If my broker dispute is handled in mediation, will the decision be considered binding?

 

A: Mediation is a voluntary dispute resolution process that is non-binding. The mediator is a neutral third-party who will facilitatenegotiations between you and the brokerage firm; however, he or she will not be the one to make a final decision. The mediator may provide an evaluation of the claims and defenses and may also recommend a settlement to both sides but cannot force either party to accept the recommendation.

 

Since the mediation process is non-binding, most brokerage firms will not pay the full value of the claims in a mediation session unless a formal FINRA arbitration claim is also pending. Mediation and arbitration can occur on parallel tracks so that if an acceptable compromise is not reached during mediation, the formal arbitration process can continue an move toward a final hearing (which will result in a binding determination of the claim).

 

During final arbitration hearing, you will have the chance to show an impartial panel of arbitrators evidence that backs your claim. You can also bring in witnesses. Once the panel reaches their decision, which is known as an award, it is considered final and binding.

 

Attempting to resolve a broker dispute on your own is not advisable. The brokerage firm will try to limit their liability and will hire sophisticated lawyers who are well-versed in the intricacies of the securities laws and regulations.

 

For a free case evaluation, contact an experienced securities arbitration attorney at the law firm of Meyer Wilson, LPA by calling toll-free 1.866.827.6537 or filling out our online form.

 

Be sure to order a FREE copy of attorney David Meyer's book, Five Signs of Investment Fraud...And What to Do if it's Happened to You. You can learn more by reading the book description below.

Get Your Copy Of This Investment Fraud Report - FREE!

Five Signs of Investment Fraud…And What to Do if it's Happened to You is intended to to expose the ugly truth behind investor fraud and its devastating consequences

Learn how to recognize the key signs of investor fraud and what to do if it's happened to you... BEFORE IT'S TOO LATE.  David P. Meyer is a renowned securities and investment fraud attorney. If you entrusted your investments to a financial professional and are worried that fraud or illegal conduct has occurred, you simply CANNOT take any chances, you NEED to get yourself a copy of this report today.

Click here to get your complimentary copy.

Investment Fraud Attorney | Securities Arbitration Attorney | Securities Fraud Attorney | Stockbroker Arbitration Attorney | Stockbroker Misconduct