Lawmakers Seeking to Ban “Unfair” Arbitration Agreements


Lawmakers, led by Sen. Al Franken, D-Minn., are calling on SEC Chairmen Mary Jo White, to ban what they call “unfair” arbitration agreements. They have specifically asked the SEC to use its authority under Section 921 of the Dodd-Frank Act to prohibit mandatory arbitration clauses in broker-investor contracts.

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Published In: Business Organization Updates, General Business Updates, Finance & Banking Updates, Mergers & Acquisitions Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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