Weeks after FINRA put firms on notice that brokers always have the right to take disputes to the regulator's arbitration forums, Credit Suisse has reaffirmed that right in a letter to ex-advisers of the firm who claim they are owed millions in back pay.
The move is likely to hearten brokers burned by Credit Suisse's previous insistence that any disputes be resolved in its private arbitration forums, which critics charged as being unfairly tilted in the Swiss firm's favor.
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