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Lawmakers Propose Bill Prohibiting Mandatory Arbitration for Investors

New Bill Would Ban Mandatory Arbitration Agreements
Sen. Jeff Merkley and Rep. Bill Foster have introduced a new bill addressing an old issue whether to ban mandatory arbitration agreements between investors and advisors.
A new bill would ban mandatory arbitration agreements between aggrieved investors and advisors or broker/dealers. The Investor Choice Act, which was introduced in the Senate and House of Representatives by Sen. Jeff Merkley (D-Ore.) and Rep. Bill Foster (D-Ill.), would also ban any prohibitions on class action lawsuits, which are often embedded in clients’ contracts.
“Individuals shouldn’t need to surrender their legal rights because they choose to work with a financial advisor or broker/dealer to plan for their retirement and invest their hard earned money,” Foster said. “This legislation levels the playing field for consumers and prevents them from being victims of a rigged system that denies them fair legal recourse if they are wron ....

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Blas: Ignorance is on congressman for not explaining business disaster assistance

Blas: Ignorance is on congressman for not explaining business disaster assistance
kuam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuam.com Daily Mail and Mail on Sunday newspapers.

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San Nicolas urges Guamanians to be wise with latest round of pandemic assistance

San Nicolas urges Guamanians to be wise with latest round of pandemic assistance
kuam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuam.com Daily Mail and Mail on Sunday newspapers.

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How Do the 5 U.S. Territories Differ From the 50 States?

People go about their day on Guam, one of the five inhabited U.S. territories. Henri Oftana/Anadolu Agency/Getty Images
The island of Guam is about 30 miles (48.2 kilometers) long and maybe only 12 miles (19.3 kilometers) across at its widest point. A tiny island like that, admittedly, is easy to lose sight of way out in the Pacific, some 3,800 miles (6,115 kilometers) west of Honolulu. Who knows what s going on there?
Yet something no one should be confused about concerns Guam s allegiances. Due to its designation as a U.S. territory and its position on the other side of the international date line, Guam boasts as its semi-official slogan, Where America s Day Begins. Thousands of U.S. troops are stationed there. Its roughly 160,000 residents are U.S. citizens. Michael San Nicolas represents the island in Congress. ....

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Republican party mourns passing of National Committeewoman Margaret Metcalfe

Republican party mourns passing of National Committeewoman Margaret Metcalfe
kuam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuam.com Daily Mail and Mail on Sunday newspapers.

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