Both parties have a say in the selection of the mediator, which is a neutral third party who will facilitate the negotiations. You may choose a mediator based on his or her background, experience, knowledge of the law and so on. The mediator plays an important role, as this person will attempt to help both sides see the important factors necessary to come to a resolution.
Keep in mind, though, that the mediator does not make a decision on the case. Instead, he or she guides each party to a solution. If you are thinking about pursuing a case against your broker, you should contact an experienced securities attorney. A knowledgeable lawyer will be able to help you reach a successful outcome. For a free case evaluation, contact Meyer Wilson, LPA by calling or filling out our online form. Our lawyers represent investors nationwide in stockbroker mediation, arbitration and litigation claims.