PIABA Newsroom

COMMENT LETTER: SEC 34-97398 – Proposed Rule Change To Adopt Supplementary Material .18 (Remote Inspections Pilot Program) Under FINRA Rule 3110 (Supervision) (August 28, 2023)
COMMENT LETTER: FINRA Regulatory Notice FINRA 23-09; Additional changes to Rules, Operations or Administrative procedures to further promote Capital Formation (August 8, 2023)
COMMENT LETTER: Proposed Rule Change, as Modified by Amendment No. 1, to Adopt Supplementary Material .19 (Residential Supervisory Location) Under FINRA Rule 3110 (Supervision) (July 31, 2023)
PRESS RELEASE: "It's A Broken System": Investment Fraud Victims Speak Out About Industry-Favored System of RIA-Forced Arbitration (July 25, 2023)
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In the Media

Voices Long overdue, FINRA's expungement reforms are still inadequate By Benjamin Edwards Joe Peiffer
Financial Planning (November 15, 2023) - By Benjamin Edwards and Joe Peiffer FINRA's recent reforms to its expungement process, which allows the removal of old customer complaints from a broker's…
State regulators, PIABA back Finra against claim it’s unconstitutional, By Mark Schoeff Jr.
Investment News (November 7, 2023) By Mark Schoeff Jr. 'Finra provides essential services ... thousands of firms, hundreds of thousands of registered persons, and millions of American investors rely…
Briefs flood in defending FINRA in "existential threat" case, By Dan Shaw
Financial Planning (November 7, 2023) By Dan Shaw   Investor advocacy groups are out with a slew of briefs arguing that a lawsuit questioning FINRA's mere right to exist could blow open a…
DOL Unveils New Fiduciary Rule As Biden Warns Advisors ‘We’re Watching’, By Miriam Rozen
AdvisorHub (November 1, 2023) By Miriam Rozen Some financial advisors did not get a lot of love from the White House bully pulpit on Tuesday when President Joe Biden rolled out the Department of…
FINRA fights for life in 'existential threat' D.C. court case, By Dan Shaw
Law360 (November 1, 2023) By Dan Shaw An embattled brokerage firm has its knives out against FINRA in a court case that the industry self-regulator warns poses an "existential threat" to a…
PIABA Issues Updated Expungement Report, By George H. Friedman
Securities Arbitration Alert (November 1, 2023) By George H. Friedman On the heels of the October 16 effective date of a number of rule amendments affecting the expungement of customer dispute…
Proposed Rules Aim to Protect Retirement Savers from Conflicted Advice, By The Street
The Street (October 31, 2023)  The Department of Labor's Employee Benefits Security Administration is proposing a new rule that would protect workers' retirement savings by updating the regulation…
Labor Department proposal kicks off industry's next fiduciary fight, By Tobias Salinger
Financial Planning (October 31, 2023) By Tobias Salinger A new version of the Department of Labor fiduciary rule that the agency is calling the "retirement security rule" is setting up the industry'…
New DOL Fiduciary Rule Cracks Down on 'Junk Fees', By Patrick Donachie
WealthManagement (October 31, 2023) By Patrick Donachie The Labor Department unveiled its latest version of a fiduciary rule on Tuesday, with supporters arguing the proposal largely fell in line…
PIABA Continues Campaign to Reform Broker Expungement Process, By The DI Wire
The DI Wire (October 30, 2023)  The Public Investors Advocate Bar Association, a 501(c)(6) non-profit international bar association, and its sister 501(c)(3) charitable organization, the PIABA…