U.S. SEC’s Aguilar Urges End To Mandatory Arbitration Agreements

4/16/2013

WASHINGTON, April 16 | Tue Apr 16, 2013 3:54pm BST
(Reuters) – A top U.S. securities regulator on Tuesday urged the government to consider adopting new rules that would prohibit or restrict brokerages and advisers from forcing customers to sign away their right to sue.

“By providing investors with the ability to choose the forum in which to bring their legal claims and protect their legal rights, we enhance investor protection and add more teeth to our federal securities laws,” said U.S. Securities and Exchange Commission member Luis Aguilar in prepared remarks before the North America Securities Administrators Association’s annual conference in Washington, D.C.

Read more: http://uk.reuters.com/article/2013/04/16/sec-arbitration-idUKL2N0D30VX20130416