Registered Representatives of Broker Dealers Now Required to Arbitrate Disputes in 49 States (New Jersey Says Otherwise) | Practical Law
Registered representatives of broker dealers and their employers are required by FINRA regulations to resolve their employment disputes through arbitration. In New Jersey, however, the Appellate Division recently refused to enforce that requirement in an employment dispute between a brokerage firm and its stockbroker employee because the industry Form U-4 does not contain express language waiving the right to a jury trial.