Ex-Credit Suisse Adviser’s Pay Case Tests Reach of FINRA Rule

A federal appeals court in San Francisco could send shock waves through Wall Street with its decision in a case that weighs whether a financial industry regulation prevents Credit Suisse Securities from forcing a former employee’s class action into individual arbitration.

Christopher Laver, a former Credit Suisse financial adviser, is challenging a federal judge’s ruling that enforced his arbitration agreement. That decision blocked his class action, which accuses Credit Suisse of withholding hundreds of millions of dollars in pay owed to workers who lost their jobs when the company shuttered its domestic brokerage house. The U.S. Court of Appeals for ...