7 Things You Might Not Know About Securities Mediation
| November 18, 2019
When you have a dispute with your broker, you might feel like you are in over your head. You want to take the necessary steps to recover your losses, but you may not know the best route to take. Broker disputes can be complex and it is crucial that you work with an attorney who has experience in this area of law. It is also important that you understand the various dispute resolution processes, including securities mediation.
There are some other things that you need to know about mediation:
You can mediate a claim while an arbitration claim is pending with FINRA. In fact, this can be one of the best times to attempt to resolve a claim in mediation.
The mediator cannot provide the other side with any information you share, without your permission. You decide what information you want reviewed by the defense.
Mediation can, in some circumstances, lead to an early settlement. However, most securities fraud attorneys do not recommend participating in the mediation process unless a FINRA arbitration is commenced, absent extraordinary circumstances.
You have a say in the selection of the mediator. The mediator will be a neutral third party who is agreed upon by both sides.
Mediation can sometimes help you identify the strengths and weaknesses of your claim. Information from arbitration hearings may be able to help you build a stronger case.
You may discover solutions you have not thought of before. According to FINRA, mediation presents new opportunities to settle.
There is no obligation to sign a settlement agreement. If you are not satisfied with the results of mediation, you can proceed to arbitration.
Securities Mediation Should Not Be Attempted Alone
You need to ensure that you have the best chances possible to recover your losses. That means you need a securities mediation attorney on your side, helping you build a strong case. For a free case evaluation, contact Meyer Wilson, LPA by calling (888) 390-6491 or filling out our online form. We represent investors nationwide in stockbroker mediation, arbitration and litigation claims.