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I thought this was the right call. It reminded me a lot about the arbitration requirement that a lot of employers and companies force people into. The SEC can
by underseacables 2y ago
I thought this was the right call. It reminded me a lot about the arbitration requirement that a lot of employers and companies force people into.
The SEC can bring an accusation against someone, no question, but then to require them to go through the internal administrative process without judicial recourse, just seemed wrong. It's unfair. In the same way that would be unfair to say that you can't sue your employer, you have to go through arbitration.
Both forced arbitration and federal in-house courts have the same goal: to stack the deck against the person at question.