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FINRA Proposal Would Give Employees More Latitude in Court Challenges

Jan.16.2012 — Broker Dealer (BD) Week

New York-based Labor & Employment  Group co-chair Jeffrey W. Pagano speaks to Broker Dealer (BD) Week about a change that the Financial Industry Regulatory Authority (FINRA) has proposed to its arbitration system that would assure employees have a right to file more claims in court, as opposed to being forced into arbitration. The change comes shortly after a similar, but broader, ruling was issued by the National Labor Relations Board (NLRB) regarding private employers that use arbitration programs.

According to Pagano, "The recent NLRB decision gives employees even broader latitude to file collective claims in court than FINRA's proposal does."

Related Professionals: Jeffrey W. Pagano
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