In January, FINRA launched a pilot program for parties with claims of USD50,000 or less. The program offers mediation at either no fee (for arbitrations with claims of USD25,000 or less) and at a greatly reduced fee (USD50 per hour) for claims between USD25,000 to USD50,000.
Mediations will be conducted by telephone.
For further information, contact FINRA's Mediation Department or refer to their website.