Investor advocates call on SEC to end RIAs’ use of mandatory arbitration
'Investors are forced into an arbitration process that’s unfair – a process that too often leaves retirees ripped off by unscrupulous RIAs and then priced out of justice by forced arbitration clauses inserted by folks who are fake fiduciaries,' PIABA president says.
Investor advocates are calling on the SEC to end registered investment advisors’ use of mandatory arbitration clauses in client contracts, arguing the provisions limit the ability of harmed investors to recover losses and represent a breach of an RIA’s fiduciary duty.
The Investor Advocacy Co
Learn more about reprints and licensing for this article.
