PIABA Newsroom

COMMENT LETTER: FINRA Proposed Rule Change to Amend Rule 2165 (Financial Exploitation of Specified Adults) - File No. SR-FINRA-2021-016 (July 19, 2021)
REPORT: 2021 Updated Study on FINRA Expungements (May 18, 2021)
PRESS RELEASE: PIABA Foundation/PIABA: New FINRA Steps to Fix Flaws in Brokers Misconduct "Expungement" Process Won't Work, Independent Investor Advocate Needed (May 18, 2021)
PRESS RELEASE: Letter to DOL on How to Fix the Advice Rule (May 6, 2021)
Subscribe to PIABA Newsroom

In the Media

Rep. Horsford introduces bill to end double taxation on consumers who win lawsuits, By Dave Kovaleski
Financial Regulation News (July 21, 2021) - U.S. Rep. Steven Horsford (D-NV) introduced legislation that seeks to provide tax relief for people who win consumer protection lawsuits. The End Double…
Congressman Horsford Introduces Bill to Protect Nevadans from Unfair Double Taxation of Consumer Settlements, By Geneva Kropper
Congressman Steven Horsford (July 19, 2021) - WASHINGTON, D.C. — Congressman Steven Horsford (D-NV-04) has introduced the End Double Taxation of Successful Consumer Claims Act, which would help…
Finra Withdraws Expungement Proposal Amid Sharp Criticism, By Andrew Welsch
Barron's (June 10, 2021) - Wall Street regulator Finra has temporarily withdrawn a proposal to change the process by which advisors can remove client complaints from their regulatory records. Finra…
FINRA Withdraws Proposed Expungement Rule Changes from SEC Consideration, By Joel Everest, David Hantman, Laura Pizzitola
JD Supra (June 3, 2021) - On September 22, 2020, FINRA sent proposed rule changes designed to overhaul the expungement process to the SEC for approval. On Friday May 28, 2021 – the same day the SEC…