PIABA Newsroom

COMMENT LETTER: Four Groups Urge SEC To Improve BrokerCheck Now (July 14, 2015)
COMMENT LETTER: Regulatory Notice 15-19 - Proposed Rule to Require Delivery of an Educational Communication to Customers of a Transferring Representative (July 13, 2015)
COMMENT LETTER: Regulatory Notice 15-16 - Proposed Amendments to Rules Governing Communications With the Public (July 2, 2015)
REPORT: Debunking The Top 5 Brokerage Industry Myths About Fiduciary Duty (June 25, 2015)
Subscribe to PIABA Newsroom

In the Media

FINRA’s Bad Idea to Merge its Dispute Resolution Subsidiary into FINRA Regulation, Inc., by Jill Gross
Indisputably (November 13, 2015) -- In 2000, NASD (now FINRA) spun off its dispute resolution subsidiary from its regulatory functions to bolster investors’ perception that the forum is neutral and…
Investor lawyers say Finra moving too quickly on arbitration unit Proposal would bring its dispute resolution arm back in house, by Mark Schoeff Jr.
InvestmentNews (November 2, 2015 12:56 pm) -- Plaintiffs' attorneys representing investors are calling on Finra to slow down a proposal that would bring its dispute resolution arm back in house.The…
PIABA: Merging Arbitration Arm Back Into FINRA Violates Previous FINRA, SEC Statements About Need For Fairness And Neutrality In The Arbitration Process
"Unseemly Haste" in Pushing Proposal Forward is Inconsistent With Original FINRA, SEC 2000 Statements on Need for Independent FINRA Dispute Resolution Subsidiary.Morningstar (WASHINGTON, November 2,…
Lost Money in the Markets? Wall Street Thinks It's Your Own Fault, by Susan Antilla
TheStreet (November 2, 2015 08:16 am) -- Not that this would ever happen, of course, but let's say your stockbroker does a little unauthorized trading in your account.And say you don't realize what's…
SEC Set to Approve Final Rules on Crowdfunding, by Yuka Hayashi
New rules would allow small businesses to bypass banks and tap ordinary people for financingWall Street Journal (October 27, 2015 6:08 pm) -- The Securities and Exchange Commission is expected to…
Arb Bar Wants BrokerCheck Reforms, by Ben Maiden
Compliance Reporter (October 26, 2015) -- The Public Investors Arbitration Bar Association has called for greater reform of the BrokerCheck system beyond plans to speed up disclosing when individual…
Len Boselovic’s Heard off the Street: Getting background on brokers still a challenge, by Len Boselovic
Pittsburgh Post-Gazette (October 25, 2015 11:00 pm) -- Two years after lawyers representing investors complained that an industry watch dog was allowing the records of problem brokers to be erased…
Arbitration Board Says Anti-Expungement Efforts Failed
FundAction.com (InvestmentNews October 21, 2015) -- The Public Investors Arbitration Bar Association said efforts by the Financial Industry Regulatory Authority to limit the ability of brokers to…
PIABA Calls for Additional Reforms for Expungement of Brokers’ Customer Dispute Information, by Jacquelyn Lumb
JimHamiltonBlog (October 22, 2015) -- The Public Investors Arbitration Bar Association (PIABA) has concluded that efforts by FINRA to decrease the number of expungements from brokers’ records of…
Advisors' Records Cleaned Up Too Often, Argues Attorney Group, by Alex Padalka
Financial Advisor (October 22, 2015) -- It’s still too easy for brokers involved in Finra arbitration settlements to have their records expunged, according to a new study cited by The Wall Street…