PIABA Newsroom

COMMENT LETTER: SR-FINRA-2020-041 - Proposed Rule Change To Adopt FINRA Rule 4111 (Restricted Firm Obligations) and FINRA Rule 9561 (Procedures for Regulating Activities Under Rule 4111) (December 28, 2021)
PRESS RELEASE: PIABA: “Breakneck” Rush to Undermine Fiduciary Rule in Waning Days of Current Administration Should be Slowed Down Under New White House (December 16, 2020)
COMMENT LETTER: Regulatory Notice 20-34; Senior Investors Proposed Amendments to FINRA Rule 2165 and Retrospective Rule Review Report (December 4, 2020)
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)
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In the Media

PIABA: Unpaid arbitration awards increased in 2020, By Mark Schoeff Jr.
Investment News (September 29, 2021) - The problem has continued its upward trajectory, said the lawyers organization, since releasing its first report in 2016. Nearly one out of three customers who…
‘Reprobate’ brokers and ‘misbehaving’ advisors: Duped investors struggle more to collect awards, By Lynnley Browning
Financial Planning (September 29, 2021) - Questionable brokerages with rogue salespeople deservedly get slammed for routinely failing to pay regulator-ordered money to investors whom they’ve cheated…
Plaintiffs’ Attorneys: 3 in 10 Arbitration Awards Went Unpaid in 2020, By Patrick Donachie
Wealth Management (September 29, 2021) - The Public Investors Arbitration Bar Association (PIABA) found that 24% of money awarded last year went unpaid; the group argues the problem of unpaid…
As Unpaid Arbitration Awards Soar, Finra Urged To Create Investor Pool, By Tracey Longo
Financial Advisor (September 29, 2021) - Nearly one out of four dollars awarded to investors in 2020 went unpaid, even as many brokerage firms’ profits grew to record levels, according to a new…