Fired Adviser Sues Bank of America Over Arbitration Policy

Riza Dagoc

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Fired Adviser Sues Bank of America Over Arbitration Policy

The 2024 policy covers employees at both Bank of America and Merrill Lynch.

By Riza Dagoc

Published Oct 30, 2026, 5:29 PM EDT

A blank arbitration agreement rests across a courtroom threshold / TokenPost.ai

Katherine Mackey, a fired financial adviser, sued Bank of America, challenging a 2024 policy requiring employees of the bank and Merrill Lynch to accept mandatory arbitration.

The policy applies to employees at both financial businesses.

Riza Dagoc

Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.