Richard Ketchum, Chairman and Chief Executive of FINRA, testified before the House Financial Services Committee today in support of allowing the SEC to ban mandatory arbitration clauses in securities contracts. It is common practice for broker dealers to stipulate a mandatory dispute resolution forum in the event of a broker/client dispute.
Posts Tagged ‘Arbitration Clause’
FINRA Supports Mandatory Arbitration Clause Removal
October 6th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: Account Applications, Arbitration Clause, Broker Dealers, Brokerage Account, Capital Markets Subcommittee, Chairman Paul, Chief Executive, Contentious Subject, Cost Effectiveness, Dispute Resolution Forum, Fairness, Financial Services Committee, Finra, House Financial Services Committee, Ketchum, Mandatory Arbitration Clauses, Outright Ban, Paul Kanjorski, Securities Industry, Subcommittee Chairman 
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