PIABA Newsroom

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)
PRESS RELEASE: FINRA’S EXTENDED DELAY OF ARBITRATION SERVICES LEAVING INVESTORS NO ACCESS TO JUSTICE (April 27, 2021)
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In the Media

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Barron's (June 10, 2021) - Wall Street regulator Finra has temporarily withdrawn a proposal to change the process by which advisors can remove client complaints from their regulatory records.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…
20-Year UBS Vet Wins Expungement of YES Option Complaint, By Jake Martin
AdvisorHub (June 1, 2021) - A Financial Industry Regulatory Authority arbitrator granted a 20-year UBS Wealth Management USA broker in South Carolina expungement of a 2019 complaint related to the…
Finra Rethinks Plan To Erase BrokerCheck Client Complaints, Broker Misconduct Information, By Tracey Longo
Financial Advisor (June 1, 2021) - In the face of mounting criticism from investor attorneys, the Financial Industry Regulatory Authority announced Friday it was temporarily withdrawing its plan to…