PIABA Newsroom

COMMENT LETTER: SR-FINRA-2020-038 - Proposed Rule Change to Amend FINRA Rules 5122 (Private Placements of Securities Issued by Members) and 5123 (Private Placements of Securities)(November 27, 2020)
COMMENT LETTER: SEC File Number S7-13-20 - Proposed Exemptive Order Granting Conditional Exemption from the Broker Registration Requirements of Section 15(a) of the Securities Exchange Act of 1934 for Certain Activities of Finders (November 12, 2020)
COMMENT LETTER: SR-FINRA-2020-030 - Proposed Rule Change to Modify the Current Process Relating to the Expungement of Customer Dispute Information (October 23, 2020)
Statement of PIABA President Sam Edwards on DOL Fiduciary Rule (September 3, 2020)
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In the Media

Client attorneys say RIAs force disputes into costly arbitration, By Tobias Salinger
Financial Planning (November 23, 2021) - RIA clients seeking compensation for losses as a result of advisors’ harmful conduct may have an even smaller chance of success than customers of dually…
Bill Barring Binding Arbitration Agreements Passes in House Panel, By Alex Padalka
Financial Advisor IQ (November 18, 2021) - The House of Representatives' Financial Services Committee has passed a bill first introduced eight years ago that would prohibit broker-dealers, investment…
Bill to end mandatory arbitration faces steep climb in Senate, By Mark Schoeff, Jr.
Investment News (November 17, 2021) - Democrats back the legislation, but Republicans are united against it. While the measure was passed by a House committee, an advocate calls winning congressional…
Wall Street Is Not Only Rigging Markets, It’s Also Rigging the Outcome of its Private Trials, By Pam Martens, Russ Martens
CounterPunch (November 15, 2021) - When it comes to sycophants, Wall Street has no shortage of them willing to shill for its egregious private justice system called mandatory arbitration – a system…
Industry, investor advocates differ on NASAA’s unpaid arbitration model rule, By Mark Schoeff Jr.
Investment News (November 12, 2021) - Generally, financial industry groups encouraged state regulators to narrow the measure, while advocates want them to expand it. State securities regulators are…
Investor Attorneys Support Advisor Expulsion for Unpaid Arbitration Awards, By Tracey Longo
Financial Advisor (November 8, 2021) - Groups representing investor attorneys are throwing their support behind a proposal rule that would allow state securities regulators to expel or suspend…
Reg BI Report Zooms in on BDs' Lack of Compliance by Melanie Waddell
Think Advisor (November 5, 2021) - What You Need to Know: While there has been incremental progress in Reg BI compliance, broker-dealers still are not abiding by the Reg BI rule now in effect, Lubin…
PIABA to Push SEC to Revise Form CRS, New President Says, By Melanie Waddell
Think Advisor (November 3, 2021) - What You Need to Know Michael Edmiston, a securities attorney with Jonathan W. Evans & Associates, will serve a one-year term. Form CRS should require…
Ten to Watch in 2022: Melanie Senter Lubin, By Patrick Donachie
Wealth Management (November 2, 2021) - Melanie Senter Lubin is Maryland Securities Commissioner, President of the North American Securities Administrators Association All years tend to be busy years…
New PIABA President Takes Aim At Unpaid Arbitrations Awards, By Tracey Longo
Financial Advisor (November 1, 2021) - Brokers and advisors who close up shop and declare bankruptcy to sidestep paying arbitration awards to the investors they defrauded are the scourge of every…