If you have a dispute with Public.com, you must resolve it through private arbitration rather than suing in court, and you cannot join a class action lawsuit with other users against the company.
This analysis describes what Public.com's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This clause removes your ability to take Public to court or join with other affected users in a collective lawsuit, which is often the most practical way to pursue smaller individual claims like unauthorized fees or account errors.
Interpretive note: Enforceability of the class action waiver may vary by jurisdiction, particularly in California, and FINRA arbitration rules may create a parallel framework for securities-related claims that modifies how this clause applies in practice.
Users who experience financial harm, unauthorized charges, or account errors cannot join class action lawsuits and must pursue individual arbitration, which can be more costly and time-consuming for smaller claims.
How other platforms handle this
If, however, this Class Action Waiver is deemed invalid or unenforceable with respect to a particular Dispute...neither you nor Chegg will be entitled to arbitration of such Dispute.
the arbitration provider, National Arbitration and Mediation ("NAM"), shall not accept or administer any demand for arbitration and shall administratively close any arbitration unless the Party bringing such demand for arbitration can certify in writing that the terms...were fully satisfied.
Neither you nor we may elect arbitration of any claims seeking only individualized relief asserted by you or us in small claims court, so long as the action remains in that court and is not removed or appealed de novo...
"You and Public agree that any dispute, claim or controversy arising out of or relating to these Terms or the breach, termination, enforcement, interpretation or validity thereof or the use of the Services (collectively, 'Disputes') will be settled by binding arbitration, except that each party retains the right to seek injunctive or other equitable relief in a court of competent jurisdiction to prevent the actual or threatened infringement, misappropriation or violation of a party's copyrights, trademarks, trade secrets, patents, or other intellectual property rights. YOU ACKNOWLEDGE AND AGREE THAT YOU AND PUBLIC ARE EACH WAIVING THE RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS ACTION OR REPRESENTATIVE PROCEEDING.Excerpt from Public.com's Terms of Service
REGULATORY LANDSCAPE: Pre-dispute arbitration clauses in broker-dealer customer agreements are subject to FINRA Rule 13200, which requires that disputes arising in connection with a customer's business with a FINRA member be arbitrated under FINRA's Code …
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Coinbase's User Agreement includes a mandatory arbitration clause that most users may not have reviewed. Here is what the clause states and how the opt-out process works.
561 arbitration provisions across 197 platforms. ConductAtlas tracks how dispute resolution is being restructured across the internet.
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This clause removes your ability to take Public to court or join with other affected users in a collective lawsuit, which is often the most practical way to pursue smaller individual claims like unauthorized fees or account errors.
Users who experience financial harm, unauthorized charges, or account errors cannot join class action lawsuits and must pursue individual arbitration, which can be more costly and time-consuming for smaller claims.
ConductAtlas has identified this type of provision across 205 platforms. See the full comparison.
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