SIFMA Submits Amicus Brief in Cohen v. UBS Financial Services

SIFMA submitted an amicus brief to the United States Second Circuit Court of Appeals regarding the case of Cohen v. UBS Financial Services. The amicus issue involves whether contractual arbitration and class waiver agreements between a FINRA member firm and its employees are prohibited under FINRA rules, and whether FINRA rules override the mandate of the Federal Arbitration Act. The brief argued that member firms and their employees may enter into agreements that supersede the FINRA rules.

See: SIFMA Amicus Brief.