Former Adviser Challenges Bank of America Arbitration Policy

A dispute over employee arbitration requirements has brought Bank of America into a legal challenge after former financial adviser Katherine Mackey filed a lawsuit contesting the bank's workplace dispute policy. The case concerns a 2024 requirement covering employees of Bank of America and its Merrill Lynch financial business.

Mackey, who was dismissed from her position as a financial adviser, is challenging the policy that requires employees to accept mandatory arbitration. The lawsuit questions the requirement's application to workers across both financial businesses, according to TokenPost's October 30, 2026, report.

The disputed policy was introduced in 2024 and applies to employees at Bank of America and Merrill Lynch. Under the requirement described in the report, employees must agree to resolve covered workplace disputes through arbitration.

Seeking Alpha also published a report on October 30, 2026, concerning a lawsuit against Bank of America over its mandatory arbitration policy for employees. However, the publication's accessible article text was limited by a browser access restriction.

TokenPost identified Mackey as the former financial adviser bringing the legal challenge. The dispute centers on the employment policy's mandatory arbitration requirement and its coverage of workers at the two financial businesses.