Securities Industry Arbitrations and Litigation Update: Newly Introduced Bill Could Prohibit Mandatory FINRA Arbitration of Customer Disputes and Further Bar Restrictions on Bringing Class Actions for Security Disputes
By EsqSocial Corporation 29/06/21
On April 16, 2021, a bill was introduced in the Senate and House that would restrict securities industry broker-dealers and other FINRA registered firms from imposing mandatory arbitration for customer disputes or contractually limiting a customer’s ability to bring suit on a class or consolidated basis....
By: Troutman Pepper