Are Mediation Decisions Binding?

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Since 1999 our law firm has recovered more than $350,000,000 for victims of investment fraud and misconduct.
  • Jury Verdict Won Against Prudential Securities $262 Million
  • Recovered for 100-Year Old Widow $30 Million
  • Recovered in Retirement Losses $10 Million
  • Recovered for a Large Group of Individual Investors $6.5 Million
  • Recovered for Elderly Victim in Ponzi Scheme Case $3.8 Million
  • Recovered for Elderly Ponzi Scheme Victim $3.2 Million
  • Recovered for More Than 50 Families of Ponzi Scheme in California $3.2 Million
  • Recovered for 35 Families in Northeast Ohio $3.1 Million
  • Losses Recovered for 20 Retirees $3 Million
  • Recovered for Retired Physician Against Major Wall Street Firm Prior to Filing FINRA Arbitration $2.5 Million
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If My Broker Dispute is Handled in Mediation, Will the Decision Be Considered Binding?

Mediation is a voluntary dispute resolution process that is non-binding. The mediator is a neutral third-party who will facilitate negotiations 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 and 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 Meyer Wilson, LPA by calling toll-free (800) 738-1960 or filling out our online form.

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TRUSTED BY OVER 1,000 INVESTORS

Meyer Wilson has represented over 1,000 individual investors in high-stakes claims across the country, and has recovered over $350 million on their behalves. See what former clients have to say about our team.

  • “I primarily worked with Courtney Werning throughout the process and she was informative and knowledgeable. I trusted and fully recommend Courtney and her team.”

    - S.R.
  • “The communication throughout the process was on par - and they took the time to indulge me with the various questions and opinions.”

    - R.G.
  • “What I truly appreciated was getting a great result for my Mom with limited involvement/stress on her.”

    - S.W.
  • “We went to arbitration with the other respondent and I got to see firsthand the level of professionalism and expertise the Meyer Wilson firm can deliver.”

    - D.V.
  • “Chad would take the time to call and talk with me. His explanations were always clear and concise. I also appreciate all the effort put into the details and statistics required to argue this case.”

    - P.N.
  • “Meyer Wilson was able to produce the results that we felt were obvious and warranted while several other firms and even state offices simply had trouble understanding let alone moving the case forward.”

    - B.K.
  • “My overall experience was positive and I would encourage anyone who even thinks they have been a victim of stockbroker misconduct to call David.”

    - S.T.
  • “Meyer Wilson represented me in a suit brought last year against my brokerage firm, securing a very fair and equitable settlement for me.”

    - R.G., M.D.
  • “Right from the start, you had the passion and desire to win this case for us. I have never worked with an attorney or firm as compassionate as yours. I would highly recommend your firm to anyone.”

    - G.A.
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