The Securities and Exchange Commission decided to...

The Securities and Exchange Commission decided to give securities industry officials a month to press their objections to a proposal aimed at protecting investors’ option to sue their brokers. The commission put off until July a vote on a proposal to ask Congress to bar brokerage firms from requiring customers to agree in advance to submit disputes to stock exchange-sponsored arbitration panels as is commonly done. Commissioner Aulana Peters and SEC Chairman David S. Ruder argued that it was unfair to require investors to give up the right to sue before they have any idea of the nature or size of a dispute that may later arise.