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Articles Posted in Collective actions

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FINRA Proposal Giving Collective Actions Exemption from Arbitration Gains SEC’s Accelerated Approval

The Securities and Exchange Commission has given accelerated approval to a proposed rule change by the Financial Industry Regulatory Authority. The proposal modifies FINRA’s Dispute Resolution’s Code of Arbitration Procedure for Industry Disputes exempts collective actions from arbitration. The SEC decided to approve the proposed rule change after determining that…

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