Here’s our update regarding proposed changes to the regulation of investment advisers. The Financial Services Committee of the U.S. House of Representatives advanced H.R. 3817, the Investor Protection Act, out of committee yesterday. According to the Financial Services Committee’s press release, key provisions of this bill include the following: an independent study of the regulatory [...]
Category Archives: Arbitration
Proposal for SEC to Study Use Mandatory Arbitration Clauses in Investment Advisory Agreements
As noted in the proposal, “Financial Regulatory Reform: A New Foundation,” released by the U.S. Treasury Department earlier this week, the Obama Administration is calling for legislation to be passed giving the U.S. Securities and Exchange Commission (“SEC”) clear authority to prohibit the use of mandatory arbitration clauses by broker-dealers and registered investment advisers with [...]
