Generally, dispute resolution methods such as mediation and arbitration are faster and less expensive than a state or federal lawsuit. They are also less formal than a court trial. Furthermore, NASD Regulation arbitrators and mediators are carefully selected from a broad cross-section of people, diverse in culture, profession, and background. To receive more specific information about NASD Regulation's arbitration or mediation facilities or the forms needed to begin the process, contact one of NASD Regulation's Dispute Resolution offices . A Comparison Of Mediation And Arbitration Mediation Arbitration Expedited negotiation.
Parties preserve control of outcome.
Parties relinquish control of outcome. Extensive preliminary discovery is often required. Mediator helps the parties define and understand the issues and each side's interests. Arbitrator listens to facts and evidence and renders a final and binding award. Parties able to vent feelings, tell story, engage in creative problem-solving.