PIABA Newsroom

DOL FACT SHEET: DOL Rule Would Expose Vulnerable Retirement Savers to Harmful Advice (July 16, 2020)
COMMENT LETTER: NASAA Proposed Whistleblower Model Act (June 29, 2020)
PRESS RELEASE While American Workers Face Ongoing Struggle to Save for Retirement, DOL Appears Poised to Strip Them of Important Protections (June 23, 2020)
COMMENT LETTER: SR-FINRA-2020-012 - Proposed Rule Change to Amend FINRA Rule 8312 (FINRA BrokerCheck Disclosure) to Allow the Dissemination of IAPD Information through BrokerCheck (May 26, 2020)
Subscribe to PIABA Newsroom

In the Media

Finra's Risky Broker-Dealer Rule Has Significant Gaps, PIABA President Says, By Tracey Longo
Financial Advisor (August 4, 2021) - The Financial Industry Regulatory Authority’s rule to require risky broker-dealers to set aside funds in reserve to pay arbitration awards and other regulatory…
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Barron's (June 10, 2021) - Wall Street regulator Finra has temporarily withdrawn a proposal to change the process by which advisors can remove client complaints from their regulatory records.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…
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…
FINRA Withdraws Rule Creating Expungement Arbitrator Roster, By Melanie Waddel
Think Advisor (May 28, 2021) - The Financial Industry Regulatory Authority said Friday that it is has withdrawn from the Securities and Exchange Commission its rule filing establishing a special…
Finra Shelves Expungement Reform Proposal It Had Slated for SEC Approval, By Miriam Rozen
AdvisorHub (May 28, 2021) - The Financial Industry Regulatory Authority said it withdrew “temporarily” a proposal to reform the procedures to expunge brokers’ public records, which it had before the…
PIABA’s New Expungement Study Shows…Nothing Has Changed, Including The Quality Of Customers’ Claims, By Christopher Seps
JD Supra (May 27, 2021) - I have been in a JAMS arbitration the last week or so, so thanks to Chris — Mr. Expungement — for his thoughts about PIABA’s study. –  Alan In a move that surprised nobody…