NASAA Issues Statement Regarding FINRA Decision on Schwab Effort to Curb Investor Rights in Class Actions

Russ Iuculano, executive director of the North American Securities Administrators Association ("NASAA"), issued a statement of support regarding FINRA's decision finding Charles Schwab & Co., Inc. in violation of FINRA rules when the firm attempted to limit its customers' ability to participate in class-action lawsuits.

See: NASAA Statement.
Related News: FINRA Board Finds Charles Schwab & Co. Violated Rules by Adding Waiver Provisions in Customer Agreements (April 24, 2014).