January 17, 2013

FINRA Dispute Resolution Pilots Telephonic Mediation for Small Claims

By Jill Gross

FINRA Dispute Resolution announced yesterday that it will launch a pilot program to offer pro bono or reduced-fee telephonic mediation to parties whose dispute has a dollar value $50,000 or less. Kudos to FINRA for devising this low cost option to benefit investors of modest means whose claims are too small to make an arbitration hearing or even an in-person mediation economically feasible. You can read more details of the pilot program here.

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