Investor Choice Act of 2019 This bill prohibits broker-dealers and investment advisers from including mandatory arbitration, forum selection restrictions, or bans on class action suits in a customer or client agreement. Issuers of securities are also prohibited from mandating arbitration in a shareholder agreement.
Alternative dispute resolution, mediation, arbitrationCivil actions and liabilityConsumer affairsFinancial services and investmentsSecurities
Investor Choice Act of 2019
USA116th CongressHR-5336| House
| Updated: 12/6/2019
Investor Choice Act of 2019 This bill prohibits broker-dealers and investment advisers from including mandatory arbitration, forum selection restrictions, or bans on class action suits in a customer or client agreement. Issuers of securities are also prohibited from mandating arbitration in a shareholder agreement.