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Finra Sides With Brokers in Battle Against Credit Suisse

By Tony Seruga

Dozens of former Credit Suisse advisers who have been fighting for their deferred compensation after leaving the bank last year scored a partial victory on Friday when the brokerage industry’s main regulator said member firms cannot make workers waive their rights to settle disputes in the regulator’s own arbitration forum.

The advisers had been forced by Credit Suisse to use two other arbitration services they didn’t want. Now the Financial Industry Regulatory Authority says members have the right to request arbitration at Finra “at any time and do not forfeit that right” by signing an agreement saying they must choose otherwise…

Finra Sides With Brokers in Battle Against Credit Suisse

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