A Financial Industry Regulatory Authority (“FINRA”) hearing panel held that FINRA’s own rules prohibiting judicial class action waivers in broker-dealer customer arbitration agreements are preempted by the Federal Arbitration...more
- Arbitration Arbitration Agreements AT&T Mobility v Concepcion Broker-Dealer Class Action Class Action Arbitration Waivers FINRA Securities
Although the U.S. Supreme Court in AT&T Mobility LLC v. Concepcion found that the Federal Arbitration Act preempted California’s Discover Bank rule, which invalidated class action waivers in arbitration agreements in consumer...more
- Arbitration Agreements Class Action Arbitration Waivers Contract of Adhesion Preemption Split of Authority
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