Jacob Frenkel Quoted by AdvisorHub on Legislation Supported by New SEC Chairman

Jacob Frenkel (Member, Washington, D.C.) was recently quoted in AdvisorHub’s article, “Opponents of Mandatory Arbitration See Window of Opportunity.” The new SEC Chairman is supporting legislation in Congress that would outlaw mandatory arbitration clauses in customer agreements and enable investors to bring securities claims in federal court. Frenkel, a former SEC Enforcement lawyer, said that “this law will result in greater transparency to disputes with firms and regulated persons, and be potentially more costly and reputation-risk concerning to those who have hid within the arbitration framework.” Click here to read the full article.