PIABA Newsroom

AMICUS BRIEF: XY Planning Network LLC et al vs. SEC Brief of PIABA as Amicus Curiae in Support of Petitioners 2nd Cir Ct of App (January 3 2020)
COMMENT LETTER: SR-FINRA-2019-02 - Notice of Filing of a Proposed Rule Change to Amend FINRA Rule 12000 Series to Expand Options Available to Customers if a Firm or Associated Person is or Becomes Inactive (December 13, 2019)
REPORT - The PIABA Foundation 2019 Study on FINRA Expungements (October 15, 2019)
PRESS RELEASE - PIABA Foundation Study Warns Out-of-Control FINRA Broker Expungement Process is "Broken" Urges Independent Investor Advocate (October 15, 2019)
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In the Media

SEC Proposal to Exempt Finders from Registration Generates Split Reaction, By Jeff Kern, Bochan Kim
The National Law Review (November 24, 2020) -  A Securities and Exchange Commission (“SEC”) plan to create a registration exemption for certain finders has generated a mixed response.  The nearly 90…
New PIABA President Takes Aim At BrokerCheck, SEC 'Finder' Rule, By Tracey Longo
Financial Advisor (November 5, 2020) - David P. Meyer, the new president of the national trade group of lawyers who represent investors in fraud cases, is already advancing an ambitious agenda of pro…
David P. Meyer Selected as President of PIABA, By PRNewswire
PR Newswire (October 27, 2020) - Attorney David P. Meyer has assumed his role as President of the Public Investors Advocate Bar Association (PIABA) for the 2020-2021 term. COLUMBUS, Ohio, Oct. 27,…
FINRA Files to Boost Arbitrators' Pay, By Melanie Waddell
ThinkAdvisor (October 19, 2020) - The Financial Industry Regulatory Authority wants to boost arbitrators’ pay as well as the fees for those bringing claims of more than $500,000. The broker-dealer…
FINRA Moves Ahead on Expungement Changes, By Melanie Waddell
ThinkAdvisor (September 25, 2020) - The changes fill holes in the process, but expungement shouldn't be handled by arbitrators at all, investor lawyers say.  The Financial Industry Regulatory…
Retirement Savers Could Be Put At Risk By Proposed Rollover Rule, DOL Warned, By Ted Knutson
Forbes (September 3, 2020) - Retirement savers could be put at risk by a proposed Department of Labor rule on workplace retirement plan rollovers and lump sum distributions, DOL was warned today.…
DoL's fiduciary rule replacement goes too far, and not far enough: Critics, By Kenneth Corbin
Financial Planning (August 7, 2020) - The Labor Department is hearing an earful this week from industry groups, consumer advocates and lawmakers about its new fiduciary proposal. The criticisms are…
With Scammers Targeting Local Seniors During the COVID-19 Pandemic, Rep. Katko Introduces Bipartisan Legislation to Help Victims Recover Financial Losses, By Urban CNY News
Urban CNY (July 26, 2020) - Washington, DC— U.S. Rep. John Katko (R, NY-24) announced introduction of the Edith Shorougian Senior Victims of Fraud Compensation Act, bipartisan legislation that will…
Critics Tell Congress DOL Fiduciary Rule Would Harm Investors, By Tracey Longo
Financial Advisor (July 17, 2020) - Loopholes in the U.S. Department of Labor’s package of fiduciary rules and proposal would expose vulnerable retirement savers to harmful advice, critics of the…
NAPFA Wants More Time To Comment On DOL Advise Rule, By Tracey Longo
Financial Advisory (July 9, 2020) - The National Association of Personal Financial Advisors (NAPFA) and a consortium of 20 other pro-consumer groups delivered a letter to the U.S. Department of Labor…