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Articles Posted in arbitration agreements

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FINRA Determines that Charles Schwab Cannot Bar Clients From Participating in Class Actions

The Financial Industry Regulatory Authority (FINRA) has determined that Charles Schwab & Co. (Charles Schwab) violated the self-regulatory organization’s rules by adding waiver languages to agreements that prohibited customers from participating in any class action cases against the firm. Schwab settled the claims and was fined of $500,000.  The firm…

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