Do Broker-Dealers Have a Green Light to Force Investors to Waive Class Actions in Court?

Virtually all brokerage firms’ customer agreements require arbitration of disputes in the Financial Industry Regulatory Authority (FINRA) forum.  FINRA regulates the contents of these predispute arbitration agreements (PDAAs) and prohibits broker-dealers from requiring customers to give up the right to …

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Editor's Tweet: Professors Barbara Black and Jill Gross discuss whether broker-dealers have a green light to force investors to waive class actions