PIABA Newsroom

Goodrich v. Bank of America, N.A.; Brief of Amicus Curiae Public Investors Advocate Bar Association In Support of Appellant; US District Court for the District of Columbia, No. 24-7025 (August 12, 2024)
AMICUS BRIEF: Oppenheimer & Co vs Steven Mitchell, Dori Mitchell, Jerome Hopper and Lori Hopper, Amicus Brief of PIABA in Support of Appellants 9th Cir Ct of App, No. 2:23-cv-00067-MJP (July 18, 2024)
COMMENT LETTER, SR-FINRA-2024-008, Proposed Rule to Amend FINRA Rule 12800 (Simplified Arbitration) to Clarify and Amend the Applicability of the Document Production Lists (June 18, 2024)
PRESS RELEASE - PIABA President to Deliver Remarks at White House Event (May 23, 2024)
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In the Media

The Insurance Industry Is Winning a Fight to Kill New Protections for Retirement Savers, By Jean Eaglesham
The Wall Street Journal (August 7, 2024) - By Jean Eaglesham - Advisers are promoting annuities with big commissions that eat into returns   The insurance industry is waging a legal war against new…
Former SEC Commissioner, Fiduciary Advocates Slam Reg BI At 5 Years Old, By Evan Simonoff
Financial Advisor (July 24, 2024) - By Evan Simonoff With the Securities and Exchange Commission’s Regulation Best Interest turning five years old this summer, former SEC commissioner Robert Jackson…
Did the Chevron ruling kill the new DOL rule? It's not that simple., By Tobias Salinger
Financial Planning (July 24, 2024) - By Tobias Salinger The lawsuits seeking to overturn the Department of Labor's new retirement advice rule may have gained an edge from the Supreme Court last…
Despite Rule Change, FINRA’s BrokerCheck Tags No ‘Restricted’ Firms?, By Miriam Rozen
AdvisorHub (June 20, 2024) - By Miriam Rozen Nine months after FINRA began a process to publicly label firms as ‘restricted’ if they or their brokers had a significant history of misconduct, no…
Brokers Seek to Circumvent Finra’s Tightened Expungement Rules, By Miriam Rozen
AdvisorHub (May 29, 2024) - By Miriam Rozen Lawyers are devising workarounds to avoid stricter Financial Industry Regulatory Authority rules governing brokers’ requests to clear client complaints…
VAN HOLLEN, WARNOCK INTRODUCE BIPARTISAN BILL TO CRACK DOWN ON SCAMS TARGETING SENIORS
Chris Van Hollen Senator for Maryland (May 21, 2024) -  Today, U.S. Senators Chris Van Hollen (D-Md.) and Raphael Warnock (D-Ga.) reintroduced bipartisan legislation to help better protect seniors…
Setting the standard: 42 cases in 5 years of Reg BI, By Dan Shaw
Financial Planning (May 16, 2024) - By Dan Shaw It has been nearly five years since the SEC's adoption of Regulation Best Interest and four since the conduct standard started being enforced. What…
‘I’ll die broke, with nothing.’ I’m 86, only get $398 a month from my annuity and am being denied access to my $1 million in investments. Who can help me? By Alisa Wolfson
MarketWatch (May 1, 2024) - By Alisa Wolfson Question: I’m 86 years old and have $250,000 in my account and $1 million in investments. But I get nothing from my 401(k) as my account is locked and I…
Stricter FINRA rules lead to cliff-drop in advisor requests for expungement, By Dan Shaw
Financial Planning (May 1, 2024) - By Dan Shaw For nearly half a year advisors have been living under new FINRA rules that make it harder to scrub erroneous customer complaints from their online…
Closing loopholes or blocking access? Reactions to the final DOL rule, By Tobias Salinger
FinancialPlanning (April 25, 2024) - By Tobias Salinger Supporters and opponents began weighing in with their reactions about a minute or so after the Labor Department issued the final version of…