Association of Investment Brokers, and Anthony W. Tedeschi v. Securities and Exchange Commission

GINSBURG, Circuit Judge:

The petition before us challenges compulsory arbitration in the securities industry under the rules of the New York Stock Exchange and other self-regulatory organizations as “adhesive,” “ultra vires the [Securities Exchange] Act,” “a classic group boycott,” “a per se violation of antitrust law,” and “a denial of due process.” Brief for Petitioners at 16, 31, 40. Petitioners employ as the springboard for their attack a Securities and Exchange Commission action adopting revisions to a uniform application for securities industry registration. We hold that petitioners lack…