Code of Mediation Procedure

What this video covers

• Why mediation is strictly voluntary under the Code, and why zero parties can be compelled to participate or settle by FINRA, a mediator, or another party
• What the executed Submission Agreement is, why every party must sign one, and why FINRA will not administer mediation without it
• The critical exam trap that mediation does not automatically stay a pending arbitration, and what continues to run during concurrent proceedings
• When and how a Mediation Stay stipulation is required to pause arbitration deadlines, discovery, and hearing dates
• Which mediation communications are confidential and not discoverable or admissible later, and the exact boundary for pre-existing documents
• Why the mediator is only a facilitator who cannot impose a settlement, and how this differs from an arbitrator who issues a binding decision
• When a mediated settlement becomes enforceable, and why the parties own agreement resolves the dispute rather than a judge or arbitrator