Lawmakers Seeking to Ban “Unfair” Arbitration Agreements

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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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