Investor Groups Renew Push to Rein in Mandatory Arbitration at RIAs

AdvisorHub, Investor Groups Renew Push to Rein in Mandatory Arbitration at RIAs

“As a group, the advocates want either the SEC or Congress to act, issuing regulatory or legislative reforms respectively. ‘We would strongly support an SEC regulation or a law passed by Congress that would secure investors’ right to choose how to pursue complaints,’ said Christine Hines, legislative director of the National Association of Consumer Advocates, a nonprofit which has also joined the coalition.”