PIABA Newsroom

PRESS RELEASE: FINRA’S EXTENDED DELAY OF ARBITRATION SERVICES LEAVING INVESTORS NO ACCESS TO JUSTICE (April 27, 2021)
PRESS RELEASE: PIABA: "Investor Choice Act" Needed to Help Main Street Investors Better Protect Their Nest Eggs (April 15, 2021)
COMMENT LETTER: SR-FINRA-2020-030, Rebuttal Comment (January 29, 2021)
COMMENT LETTER: SR-FINRA-2020-045 - Proposed Rule Change to Amend FINRA Rule 8312 (FINRA BrokerCheck Disclosure) (January 20, 2021)
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In the Media

Arb Ruling That Was Struck Down in Court, by Melanie Waddell
ThinkAdvisor (February 18, 2022) - What You Need to Know Christopher Gerold, a Lowenstein partner and former chief of the New Jersey Bureau of Securities, will lead the investigation. An Atlanta…
DOL Fiduciary Rule Supporters Flock to Capitol Hill to Brief Lawmakers, By Melanie Waddell
ThinkAdvisor (February 16, 2022) - Members of several Senate and House committees spent Valentine’s Day getting briefed on the need for the Labor Department’s anticipated new fiduciary rule.…
Lawmakers Probing Finra Arbitration Process Over Wells' 'Manipulation', By Alex Padalka
Financial Advisors IQ (February 11, 2022) - Sen. Elizabeth Warren, D-Mass., and Rep. Katie Porter, D-Calif., are calling on the Financial Industry Regulatory Authority to give details on its…
Lawmakers press Finra about alleged rigging of Wells arbitration, By Mark Schoeff, Jr.
InvestmentNews (February 10, 2022) - Sen. Elizabeth Warren, D-Mass., and Rep. Katie Porter, D-Calif., asked how arbitrators were chosen and whether the firm influenced the selection. Senate and…
Wait-and-see approach for those invested in FINRA rule meant to crack down on rogue brokers, By Janice Kirkel
Financial Planning (February 8, 2022) - As FINRA prepares to implement a new rule that takes aim at firms with a “significant history of misconduct,” lawyers, investor groups and others within the…
Litigation Minute: International Arbitration Clauses in Insurance Policies: Are They Valid in States with Anti-Arbitration Insurance Statutes?, National Law Reivew
National Law Review (February 7, 2022) - WHAT YOU NEED TO KNOW IN A MINUTE OR LESS The New York Convention typically requires U.S. courts to enforce written arbitration agreements covering…
Wells Fargo Gamed System in Investor Arbitration, Judge Says, By Ben Eisen
The Wall Street Journal (February 3, 2022) - A Georgia judge said the bank and its lawyer secretly manipulated a list of potential arbitrators A Georgia judge questioned the fairness of the…
Lawyers Call for Probe of Finra Over Wells Fargo’s ‘Manipulation’, By Alex Padalka
Financial Advisor IQ (February 3, 2022) - The Public Investors Advocate Bar Association is calling for an investigation of the Financial Industry Regulatory Authority’s arbitration process after a…
Georgia Court Vacates FINRA Award, Decrying 'Secret Agreement' With Wells Fargo, By Patrick Donachie
Wealth Management (February 3, 2022) - The Superior Court in Fulton County, Ga., overturned a decision by FINRA after plaintiffs argued the firm’s counsel unfairly manipulated a list of arbitrators…
Court Rules Wells Fargo Committed Fraud In Secret Arbitration Deal With Finra, By Tracey Longo
Financial Advisor (February 2, 2022) - In a case that has widespread ramifications for both the Financial Industry Regulatory Authority’s arbitration forum and Wells Fargo, the Fulton County Superior…