S 3715
Investor Choice Act of 2024
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- Became Law
Bill overview
The Investor Choice Act of 2024 aims to strengthen investor protections by prohibiting mandatory arbitration agreements in securities and investment advisory contracts. Specifically, it prevents broker-dealers, investment advisors, and issuers of securities from including clauses that force investors to resolve disputes through arbitration instead of court. The bill also ensures investors have the right to choose their preferred dispute resolution method and pursue class action lawsuits when appropriate.
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