Mass. Regulator Urges SEC To Ban Forced Arbitrations
Secretary of the Commonwealth William F. Galvin wrote a public letter to the SEC’s four commissioners urging them to consider banning predispute arbitration clauses in advisory contracts. The letter comes one day after Galvin’s office issued a report finding that nearly half of all state-registered investment advisers that use standardized contracts rely on such clauses.
Arbitration is often touted...
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