FINRA DRS Posts Stats Through October: Overall Arbitration Filings Continue to Decline, But Mediations are…

FINRA Dispute Resolution Services (“DRS”) posted case statistics through the end of October, with the overall arbitration case filing trends continuing from prior months but with a confirmed major change in mediation stats.

In brief, the headlines are: 1) overall arbitration filings through October – 2,527 cases – are down 26% (had been -27% in September); 2) cumulative customer claims, which had been off 2%, are now down 5% from 2020; 3) industry disputes remain way down at minus 48%; 4) mediation cases are really surging; and 5) for the fourteenth month in a row, pending cases declined. Overall arbitration turnaround times were 14.9 months, with hearing cases now taking 17.1 months. Also, there are now 8,466 DRS arbitrators, 4,015 public and 4,451 non-public…

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