FINRA Cautions on Arbitration Clause

Last week, FINRA issued Regulatory Notice 21-16 cautioning member firms against attempting to limit customer claims through language in mandatory pre-dispute arbitration agreements. Rule 2628 prescribes disclosure requirements for arbitration clauses and generally prohibits provisions that contradict other FINRA Rules.

The Notice specifically cautions against several provisions that improperly limit customer claims:

Read the complete story here.

Featured Arbitrators

ad
View all
ad

Read these next

Category

Arbitration Conversation No. 33: Prof. Nicolás Lozada Pimiento from Universidad Externado de Colombia

In this episode of the Arbitration Conversation Amy interviews Nicolás Lozada Pimiento, a partner of the firm Rincón Cuéllar & Asociados and professor of arbitration, trade and business law at...

By Nicolas Pimiento, Amy Schmitz
Category

Arbitrator “Intelligence” and the Mysterious Brown M&M

When Arbitrator Intelligence promised to increase transparency, accountability, and diversity in arbitrator selection, it was celebrated as a welcome innovation. Now separated from its academic backing, however, it might accomplish...

By Katherine Simpson
Category

Arbitration Conversation No. 27: Prof. Rick Bales of Ohio Northern School of Law

In this episode of the Arbitration Conversation, Amy interviews Prof. Rick Bales of Ohio Northern School of Law on labor arbitration in the time of COVID. https://youtu.be/-lmqqMQqA6Y

By Rick Bales, Amy Schmitz

Find an Arbitrator

X
X
X