The SEC prevailed much more often in cases heard by SEC-appointed administrative law judges than in cases that went to federal court.
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Current System for Wall Street Disputes Favors SEC
- Sunday, Oct 04 2015
- News Roundup
- Written by PLP News
As a result of mandatory-arbitration agreements, most anyone who works on Wall Street or invests through a brokerage firm agrees to settle disputes through mandatory arbitration, and the process creates a home-field advantage for prosecutors. So reports Bloomberg.