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NASD cuts mediation prices for 'settlement month'

The National Association of Securities Dealers (NASD) will hold its annual mediation settlement month in October to promote mediation as an alternative to arbitration for settling trade disputes.

The mediation sessions will take place at 68 hearing locations.

"As one of the first securities mediation programmes in the country, the NASD has helped thousands of parties settle complex securities issues through a highly efficient process," says Linda Fienberg, president of NASD dispute resolution.

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