No trial by jury for your brokerage account

Most investors do not know this. When you open a brokerage account you waive the right to use the criminal justice system. You must settle all disputes with arbitration that is pretty much rigged against the individual investor. Nice…..

The most insidious role of FINRA is running the mandatory arbitration system that adjudicates disputes between investors and their brokers. Most investors are unaware of the fact that, as a condition to opening a brokerage account, they are required to give up their constitutional right to a jury trial, and agree to submit all disputes to the FINRA-run arbitration system. So far, efforts to abolish this requirement—which is inherently unfair to investors—have been unavailing. The securities industry is a powerful lobby. The last thing they want is a forum where claims against its members will be judged fairly and impartially.