Reps. AOC and Katie Porter on why forced arbitration is bad for Main Street investors
A U.S. House of Representatives Financial Services subcommittee recently held a hearing on ways to protect investors. One of the bills under consideration would ban the use of forcing everyday investors into arbitration and affirmatively protect their right to band together as a class action to vindicate their rights.
The impact of forcing everyday investors into arbitration dominated the hearing. In particular, Representatives Alexandria Ocasio-Cortez and Katie Porter explain very clearly the importance of protecting everyday investors right to go to court.
Take a look!