PIABA Newsroom

COMMENT LETTER: SR-FINRA-2008-044 - Regulatory Notice 09-55, Proposed Rules regarding Communications with the Public (November 16, 2009)
AMICUS BRIEF: William K. Holmes, Holmes Capital, LLC, et al. vs Jack Grubman and Citigroup Global Markets, Inc. f/k/a Salomon Smith Barney & Co., Inc., S09Q1585, Amicus Brief of Public Investors Arbitration Bar Association (Sup.Ct.Ga. September 23, 2009)
COMMENT LETTER: SR-FINRA-2009-050 - Notice of Filing of Proposed Rule Change Relating to FINRA Rule 8312, BrokerCheck Disclosure (September 4, 2009)
PIABA RULE PROPOSALS: PIABA Response to FINRA regarding Proposed Rule Change Submitted to Securities and Exchange Commission Affecting Elimination of FINRA-DR Mandatory Industry Arbitrator Pursuant to Commission Rule of Practice 192(1) (August 10, 2009)
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In the Media

PIABA to continue reform push, by Dan Jamieson
InvestmentNews (October 24, 2008 1:25 pm) -- The plaintiff's bar will continue pushing for the elimination of industry arbitrators, said Brian Smiley, the new president of the Public Investors…
Wall Street watchdog signals new hurdles for clearing brokers’ records, by Suzanne Barlyn
wordpress.com (Reuters) (October 2013) – Wall Street’s industry-funded watchdog issued new guidance late Monday that gives arbitrators more information about their responsibilities in a process that…
Are Rogue Brokers On The Rampage?, Dan Jamieson
Financial Advisor (October 24, 2013) -- So, are hordes of rogue brokers erasing their troubled disciplinary records thanks to Finra arbitrators who are rubber-stamping expungement requests?         …
FINRA to Tighten Training and Standards for Expungement Arbitrators
FINRA to Tighten Training and Standards for Expungement Arbitrators, by Mason Braswellonwallstreet.com (October 22, 2013 11:29 pm) -- After coming under pressure from the public and investor…
Get the latest DealFlow Report: Broker discipline study, by Jeffrey Kanige
TheDeal.com (October 22, 2013 9:10 am) -- The latest edition of the DealFlow Report includes coverage of a Public Investors Arbitration BAr Association study finding an "alarming" increase in the…
When Investigating a Stock Broker, Don't Stop at Google, by Juliette Fairley
Mainstreet.com (October 22, 2013 4:38 am) -- Wells Fargo agreed to pay $125,000 to settle a complaint that accused the bank of fraud related to a broker's actions. The broker, Michele Kief in Naples…
Is it too easy to clear broker records? - Expungement granted at least 90% of the time in the 1,625 cases in which it was requested between '07 and '11: Study
Is it too easy to clear broker records? - Expungement granted at least 90% of the time in the 1,625 cases in which it was requested between '07 and '11: Study, by Mark Schoeff Jr.InvestmentNews (…
Most broker arbitration cases are expunged, by Warren S. Hersch
lifehealthpro.com (October 18, 2013) -- Attention all producers: Stockbrokers to whom you refer clients for advice on investing in stocks may not have the unblemished records that public records…
Expungement Granted in High Percentage Of Broker-Dealer Arbitration Settlements, by Yin Wilczek
Bloomberg BNA (October 18, 2013) --Expungement relief was granted in a very high percentage of arbitration cases filed by investors against broker-dealers, particularly those that were resolved by…
Stockbrokers’ alleged wrongdoing often erased, study finds, by Walter Hamilton
The Seattle Times (Originally published October 17, 2013 at 5:50 pm; Updated October 17, 2013 at 9:04 pm) -- Alleged wrongdoing by stockbrokers is routinely erased from public records, making it…