SEC Investor Advocate Recommends Halt on RIA Arbitration Clause Use
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The SEC Office of the Investor Advocate has issued a report recommending that predispute arbitration agreement (“PDAA”) use by investment advisers be studied and that in the meantime PDAA use be suspended.

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Coronavirus Update (March 15)
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This new, temporary, section covers Coronavirus-related legislative, regulatory, legal, and scheduling developments impacting the financial and arbitration fields. We will discontinue this temporary feature when the pandemic passes – hopefully soon.

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Coalition of Consumer Protection Advocates Again Urges SEC’s Clayton: No IPO Arbitration or Class Action Waivers
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A 133-member coalition of national and state consumer and investor rights advocates has written to the SEC urging that it not permit arbitration or class action waivers of IPO disputes.

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Supreme Court Nominee Kavanaugh Seems To Be Pro-Arbitration (or so We Think), Part II
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Last week, we analyzed the cases involving business and securities arbitration decided by Supreme Court nominee, Judge Brett M. Kavanaugh of the District of Columbia Circuit.

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SCOTUS Scorns Appointments of SEC Administrative Law Judges in Enforcement Appeal: Lucia v. SEC
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By Ben Suter

The SEC’s administrative law judges are officers subject to the Appointments Clause.

Lucia vs.

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FINRA and SEC Respond to Senators’ Request for Info on Sexual Harassment; Arbitration Is In the Mix
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FINRA and the SEC have both responded to letters sent in March by Senator Elizabeth Warren and two others seeking data and other information on sexual harassment in the financial sector.

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