Panel Affirms Ruling Requiring J.P. Morgan To Submit To FINRA Arbitration

Mealey's (August 8, 2018, 3:53 PM EDT) -- PHILADELPHIA — A Third Circuit U.S. Court of Appeals panel on Aug. 7 affirmed a federal district court’s ruling in a declaratory relief action denying J.P. Morgan Securities LLC’s request to transfer the action pursuant to a forum-selection clause and mandating the broker-dealer to submit to Financial Industry Regulatory Authority (FINRA) arbitration (Reading Health System v. Bear Stearns & Co., No. 16-4234, 3rd Cir., 2018 U.S. App. LEXIS 21910)....