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14110. Mediation Fees

(a) Filing Fees: Cases Filed Directly in Mediation
Each party to a matter submitted directly to a mediation administered under the Code must pay an administrative fee to FINRA in the amounts indicated in the schedule below, unless such fee is specifically waived by the Director.
Amount in Controversy Customer and Associated Person Fee Member Fee
$.01–$25,000 $ 50 $150
$25,000.01–$100,000 $150 $300
Over $100,000 $300 $500
(b) Filing Fees: Cases Initially Filed in Arbitration
When a matter is initially filed in arbitration and subsequently submitted to mediation under the Code, each party must pay an administrative fee to FINRA in the amounts indicated in the schedule below, unless such fee is specifically waived by the Director.
Amount in Controversy Customer and Associated Person Fee Member Fee
$.01–$25,000 $ 0 $ 0
$25,000.01–$100,000 $100 $150
Over $100,000 $250 $500
(c) Mediator Fees and Expenses
The parties to a mediation administered under the Code must pay all of the mediator's charges, including the mediator's travel and other expenses. The charges shall be specified in the Submission Agreement and shall be apportioned equally among the parties unless they agree otherwise. Each party shall deposit with FINRA its proportional share of the anticipated mediator charges and expenses, as determined by the Director, prior to the first mediation session.
Amended by SR-FINRA-2008-021 eff. Dec. 15, 2008.
Renumbered from Rule 14109 by SR-NASD-2006-109 eff. Dec. 24, 2007.
Renumbered from Rule 10410 and amended by SR-NASD-2007-022 eff. April 16, 2007.
Adopted by SR-NASD-2004-013 eff. Jan. 30, 2006.

Selected Notices: 05-85, 07-57, 08-57.

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