Fighting back against forced arbitration in securities agreements.
October 16, 2010
In this piece, finance writer John Wasik, explains how "wronged investors may still be stuck in a troubled system run by the brokerage industry" but how one investor — Hollywood’s Larry “JR Ewing” Hagman — fought back, and won. As Wasik explains: "When you sign any standard brokerage agreement, you are locked into their mandatory binding arbitration. While this may be more efficient and less costly than litigation, it can severely limit your ability to recoup your money."
http://blogs.reuters.com/john-wasik/2010/10/15/hollywoods-hagman-un-fleeces-wall-street/