Reported about 3 hours ago
The U.S. Securities and Exchange Commission (SEC) has decided to permit companies going public to mandate that investors resolve fraud-related disputes through arbitration instead of court, marking a significant shift in policy that could harm shareholder rights. This change, voted 3-1 by the SEC, reverses a previous stance against banning class-action lawsuits, raising concerns among consumer advocates and lawmakers about its implications for corporate accountability and investor protections.
Source: YAHOO