POLITICO: State Republicans break with SEC’s GOP, urging ban on forced arbitration

By Patrick Temple-West

Nine Republican state treasurers are calling on the Securities and Exchange Commission to reject mandatory arbitration settlements for disputes between companies and their shareholders, underscoring a split in the GOP over the issue.

In a Nov. 13 letter to the SEC, the State Financial Officers Foundation, which represents mostly conservative-leaning state treasurers, auditors and controllers, expressed “concerns about recent news reports that the SEC may change its long-standing position and allow public companies to include forced arbitration clauses in their corporate governance documents.”

Read the rest at Politico Pro here.