Investment Losses: Obama’s SEC Faces First Test on Securities Arbitration Reform
June 17th, 2009 by
Madelaine Eppenstein
With the announcement on June 17 of a proposed federal agency tasked with a role in consumer protection as part of the revamping of the financial system; a new chair (from FINRA) appointed by President Obama to head the SEC; and a new Congress proposing to end mandatory FINRA arbitration (HR 1020, S 931)—the right to choose court over FINRA may be restored to investors.
Posted in Securities Arbitration & Litigation


