PIABA Newsroom

AMICUS BRIEF: James Roland, et al v. Jason Green, et al. consolidated with Leah Farr v. Jason Green et al, Case No. 11-10932, Amicus Curiae Brief of the Public Investors Arbitration Bar Association (5th Cir.Ct.App. November 21, 2011)
COMMENT LETTER: SR-FINRA-2011-057 - Notice of Filing of Proposed Rule Change to Adopt New FINRA Rule 5123 (Private Placements of Securities) (November 14, 2011)
COMMENT LETTER: Regulatory Notice 11-44 - FINRA Requests Comment on Proposed Amendments to NASD Rule 2340 to Address Values of Unlisted Direct Participation Programs and Real Estate Investment Trusts in Customer Account Statements (November 11, 2011)
COMMENT LETTER: SR-FINRA-2011-035 - Notice of Filing of Proposed Rule Change to Adopt FINRA Rules 2210 (Communications with the Public), (August 23, 2011)
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In the Media

PIABA Joins NASAA in Filing Amicus Briefs in Support of Finra's Appeal of the Schwab Decision
PIABA Joins NASAA in Filing Amicus Briefs in Support of Finra's Appeal of the Schwab DecisionReuters (May 9, 2013) -- The Public Investors Arbitration Bar Association [PIABA] has joined with the…
Checking Up on Your Broker, by Kathy Kristof
Finra’s popular BrokerCheck tool is a start, but it might not reveal everything you need to know about an investment adviser.Kiplinger (May 9, 2014) - Responding to horror stories of brokers who run…
Careful investors turn to resources to check up on money advisers, by Claudia Buck
The Seattle Times (May 3, 2014 11:00 pm) -- When New York financier Bernard Madoff was sentenced to life in prison for masterminding one of the biggest Ponzi schemes in U.S. history, it was an…
Seeing writing on wall from Finra, Schwab throws in towel on class action lawsuit, by Mark Schoeff Jr. and Mason Braswell
As regulator made it clear it was ready to fight tooth and nail, firm moves to settle, pay a fineInvestmentNews (April 25, 2014 2:51 pm) -- For more than two years, Charles Schwab & Co. has been…
New Evidence May Reopen Broker Fraud Case, By Susan Antilla
The New York Times (April 24, 2014 5:11 pm) - Updated, 8:55 p.m. | A Long Island couple who lost $5 million at the hands of Mark C. Hotton, the former stockbroker notorious for defrauding Broadway…
UPDATE 1-Wall Street watchdog mandates broker background checks, by Neha Dimri and Suzanne Barlyn
Reuters (April 24, 2014 4:46 pm) - Wall Street's self-funded regulator said brokerage firms would have to conduct their own background checks on new recruits after critics pointed to gaps in…
Schwab pays $500,000 to settle Finra dispute over class action waivers, by Mason Braswell and Mark Schoeff Jr.
InvestmentNews (April 24, 2014 4:15 pm) -- In a victory for opponents of mandatory arbitration, Charles Schwab & Co. has agreed to pay $500,000 and remove a controversial provision from customer…
Finra approves background checks for brokers - Regulator also considering requiring new information on BrokerCheck such as exam scores, by Mark Schoeff Jr.
InvestmentNews.com (April 24, 2014 11:59 am) -- Brokerage firms would have to perform background checks on new employees under regulatory changes Finra set last Thursday, but some industry groups are…
Financial industry groups oppose adding exam scores to BrokerCheck, by Mark Schoeff Jr.
Both SIFMA and FSI cautious about Finra proposal to strengthen its databaseInvestmentNews (April 23, 2014 12:05 pm) -- As Finra considers ways to improve BrokerCheck, two industry groups said they…
FINRA to mull beefing up broker background checks, by Melanie Waddell
lifehealthpro.com (April 17, 2014) -- After recent reports claimed that the Financial Industry Regulatory Authority’s BrokerCheck is full of holes and deletes crucial information about brokers’…