Investor Choice Act of 2021 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 liabilityFinancial services and investmentsSecurities
Investor Choice Act of 2021
USA117th CongressS-1171| Senate
| Updated: 4/15/2021
Investor Choice Act of 2021 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.