Brief Argues FINRA Not Preempted, Brokerage Firms Cannot Ban Class Actions
Public Justice has just partnered with the AARP and the National Consumer Law Center (NCLC) on a brief challenging Charles Schwab’s position that the Federal Arbitration Act (FAA) preempts Financial Industry Regulatory Authority (FINRA) rules. In October 2011, Schwab mailed out amendments to its investor…