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Mediation

An extrajudicial means of resolving a dispute between a broker and a client in which the parties agree to make their cases before an impartial person or panel. Very often, mediation is conducted through FINRA. Mediation is less expensive than arbitration and is certainly cheaper than a lawsuit.

mediation

A process for settling a dispute between an investor and a broker. The two sides employ a third party who attempts to find common ground that will resolve the dispute. Mediation is a less lengthy and less expensive alternative to arbitration. Each side must agree to mediation and either side may walk away from the process at any time. Compare arbitration. See also NASD Dispute Resolution, Inc.

Mediation.

Mediation is an informal, voluntary method of resolving disputes, in which the parties in conflict meet with a trained, independent third party to come up with a solution that's satisfactory to everyone involved.

For example, if you have a problem with your broker that you can't resolve directly with the firm, you can file a request for mediation with NASD, which oversees brokerage firms and has over 900 trained mediators to help resolve disputes.

Mediation is considered less expensive, less formal, and less confrontational than arbitration or lawsuits. But both parties must agree to use the process.

While you may retain a legal adviser during mediation, any resolution will be crafted with your direct involvement, which is usually not the case with arbitration.

Also, unlike arbitration, mediation is nonbinding, which means that if you're not happy with the outcome, you can stop the process, and either drop the issue or move to more formal proceedings.

mediation

a method of resolving INDUSTRIAL DISPUTES in which a neutral third party acts as a go-between to the parties in dispute. Typically, the mediator introduces proposals of his or her own as an aid to continued NEGOTIATIONS. It is a useful form of intervention where disputes have become especially acrimonious and the disputants are entrenched in their bargaining positions. Conceptually it is midway between CONCILIATION and ARBITRATION. See ADVISORY, CONCILIATION AND ARBITRATION SERVICES (ACAS), COLLECTIVE BARGAINING.

mediation

a procedure for settling disputes, most notably INDUSTRIAL DISPUTES, in which a neutral third party meets with the disputants and endeavours to help them resolve their differences and reach agreement through continued negotiation. In some countries, ‘conciliation’ is distinguished from ‘mediation’ according to the degree of intervention exercised by the conciliator or mediator in the process of encouraging the parties to settle their differences, with a conciliator refraining from advancing, and the mediator expected to advance, proposals of his own for possible settlements. Both forms of intervention leave the bargaining process intact, with any resultant settlement being agreed upon by all disputing parties. In the UK, the ADVISORY, CONCILIATORY AND ARBITRATION SERVICE acts in this capacity See alsoARBITRATION, COLLECTIVE BARGAINING, INDUSTRIAL RELATIONS.

mediation

An alternative dispute resolution (ADR) process in which a trained person assists disputants in coming to a solution that will be the best one under the circumstances for all involved.It is not binding,but many courts are now imposing mandatory diversion to mediation and a requirement that the parties negotiate in good faith to reach a settlement. Failure to settle may subtly impact a judge's decision regarding the party most at fault in a dispute.The American Arbitration Association,which also offers mediation services,maintains a Web site at www.adr.org.

References in periodicals archive ?
The 45-year-old Mediate - a late replacement for Boo Weekley, who withdrew for personal reasons - smiled and acknowledged that he was the huge U.S.
Sudden death began on the seventh hole and there it ended as well when Mediate was in a bunker, missed the green and failed to get up and down.
Mediate had a chance for a two-stroke lead but missed a birdie chance at 17 from 10 feet before he had another chance at the last from 35 feet.
MR MAGIC: Tiger Woods celebrates after sinking a 15-foot birdie putt on the 18th (right) to force a play-off with Rocco Mediate
National Office officials said that Appeals expected to be inundated with requests for mediation, but that Appeals would be very selective in deciding which major corporate issues to mediate under the new program.
Similarly Marcoe's discussion of the mediating role of the female preachers or muballigah of West Java, while demonstrating that she communicates religious ideas about the hereafter, everyday life, and social, cultural, economic and even political aspects based upon Islamic teachings to the women in her audience, does not appear to mediate ideas, questions or problems back to any higher religious authority.
If the mediation request is approved, the taxpayer and Appeals will enter into a written agreement to mediate. The ARDA-LC will negotiate and sign the agreement on behalf of Appeals.
And if I can help, I would love to be a mediator,' said President Trump while reiterating his offer to mediate.
Trump made the offer to mediate in the Kashmir issue as he met Pakistan Prime Minister Imran Khan at the White House on Monday.
Expressing his concern over tension between Pakistan and India UN Secretary General has offered to mediate between the two countries to defuse tension.
Mediate, who charmed the crowds with his smiles and light-hearted approach to the week, revealed he was disappointed despite his sterling efforts.[R] "I didn't want it to be a walk in the park," said Mediate, who started the week ranked 168th in the world.[R] "It could have been.