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RECENT NEWS

FINRA Launches Reduced Cost Mediation Program

February 4th, 2013 | Posted by in FINRA Mediation

On January 15, FINRA launched its new reduced cost mediation program. The pilot program is designed to make mediation more affordable for investors whose claims do not exceed $50,000. The program does this by conducting mediation hearings over the telephone, as opposed to traditional in person mediation, thus alleviating travel costs, and other associated expenses. The program also reduces costs by providing mediators either free of charge or at a reduced hourly rate, depending on the amount of the claim and other circumstances.

In a press release, Linda Fienberg, the President of FINRA Dispute Resolution called the new program a “lower cost alternative.” She went on to say that “telephonic mediation [also] offers greater convenience and flexibility.”

Silver Law Group has significant experience representing investors in FINRA mediation and arbitration proceedings. If you have questions about your legal rights, contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.

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