In response to the COVID-19 pandemic, FINRA’s mediation department has announced a reduced fee remote mediation program available through August 31, 2020. In this program, parties will choose from a randomly generated list of 10 national mediators. The mediator fee is $100 per hour split between the parties, and FINRA mediation filing fees and administrative fees are waived.
FINRA also offers virtual hearing services (via Zoom and teleconference) to parties in all cases by joint agreement of parties and mediator.
Read more about FINRA and the pandemic in our April 9 and May 26 Alerts.