Document Type

Student Paper

Publication Date

2026

Abstract

In September 2025, the Securities and Exchange Commission announced that it would no longer consider issuer-investor arbitration provisions when deciding whether to accelerate the effectiveness of registration statements. Although framed as a small exercise of administrative restraint, this policy shift changes the conditions under which public offerings occur and may meaningfully affect how Section 11 of the Securities Act of 1933 is enforced. This Article examines the role acceleration has historically played as a practical constraint on arbitration clauses and analyzes how the Commission’s new neutrality reshapes the enforcement environment for Section 11 claims.

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