SEC's Aguilar questions advisers' arbitration agreements

04/16/2013 | Reuters · (subscription required)

Securities and Exchange Commission member Luis Aguilar is urging a ban or restriction on the ability of financial advisers and brokers to impose a mandatory-arbitration agreement that removes clients' right to sue. "I believe the commission needs to be proactive in this important area," he said. "We need to support investor choice."

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