PIABA Newsroom

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)
PIABA RULE PROPOSALS: FINRA Response to PIABA's 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 3, 2009)
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In the Media

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…
Stockbroker Arbitration Slates Wiped Clean 9 out of 10 Times
Troubling Findings Raise Question:  Are Investors Being Kept in the Dark About Arbitration Cases?lifehealth.com (October 17, 2013) – Investors who rely on public records to check out the background…
Does Your Financial Advisor Really Have a Clean Record?
Does Your Financial Advisor Really Have a Clean Record?themoneypivot.com (October 17, 2013) -- When hiring a financial advisor, investors are told to “do their research” by using public databases…
‘Alarming’ number of brokers’ arb records wiped clean, by Melanie Waddell
BenefitsPro (October 17, 2013) -- A study of more than 1,600 arbitration cases over the past five years shows an “alarmingly high” rate of brokers who were able to get their arbitration histories…
Stockbroker Requests to Scrub Complaints Are Often Granted, Study Shows Brokers' Requests to Strike Complaints Granted in Vast Majority of Cases, By Jean Eaglesham And Rob Barry
Wall Street Journal (October 16, 2013 6:01 pm) - Stockbrokers are being routinely allowed to scrub some customer complaints from their public records, leaving investors in the dark about potentially…