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Mandatory binding arbitration is a private proceeding used to settle disagreements between two parties.; Parties to a contract agree to have their case reviewed by a third party—an arbitrator ...
In studying a sample of 579 investment advisory agreements, the OIAD estimated that 61% contained mandatory arbitration clauses. Of advisory agreements with these clauses, a large majority (92% ...
Under the 2010 Dodd-Frank Act, passed in the wake of the financial crisis, the SEC can limit mandatory arbitration by RIAs, though the agency has not taken action on that.
Connecticut Gov. Ned Lamont has signed into law a measure that changes how disputed auto insurance claims are resolved ...
Mandatory arbitration clauses are generally seen as bad for consumers, who are deprived of the ability to seek compensation through individual or class-action lawsuits.