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  • Attorneys David Meyer and Matthew Wilson have been selected to the list of Super Lawyers since 2011 and 2015 respectively.

  • Attorney David Meyer is a member of the Million Dollar Advocates Forum, an organization recognizing attorneys who have secured million dollar cases.

  • Martindale-Hubbell® Peer Review Ratings™ has recognized attorney David Meyer as an AV Preeminent® attorney in High Ethical Standing.

  • Attorneys David Meyer and Matthew Wilson have received a 10 out of 10 “Superb” rating on Avvo, calculated based on stringent and exhaustive criteria.

  • Attorney David Meyerhas been selected to the list of the Best Lawyers in America® for Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs every year since 2011.

  • Attorney David Meyer was selected as the 2015 Lawyer of the Year for Professional Malpractice Law – Plaintiffs for Columbus, OH by Best Lawyers®.

  • Meyer Wilson was ranked as a Tier 1 Best Law Firm for both Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs by U.S. News.

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.

Out attorney Chad Kohler put together this video giving more information on what to expect during a mediation.

For a free case evaluation, contact an experienced securities arbitration attorney at Meyer Wilson, LPA by calling toll-free (888) 390-6491 or filling out our online form.

Need More Information?

Investment misconduct can be complex and confusing. That’s why we’re here to help you. Visit our Common Questions page to find in depth answers directly from our attorneys. Get More Answers
Have You Been a Victim of Investment Fraud?

You trusted your financial advisor with your money, but now you're left wondering what went wrong. If you or a loved one suffered losses because of investment misconduct, Meyer Wilson can step in and fight to recover your losses. The team of investment fraud lawyers at the firm has been helping people like you since 1999 by winning judgments, settlements and verdicts worth hundreds of millions of dollars against brokerage firms, financial advisors and banks.

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