PIABA Newsroom

COMMENT LETTER: SR-FINRA-2022-015 - Proposed Rule Change to Amend FINRA Rule 8312 (FINRA BrokerCheck Disclosure) to Release Information on BrokerCheck® Relating to Firm Designation as a Restricted Firm (July 8, 2022)
PIABA BRIEFs: King vs. Kovack Securities, Brian Kovack, Motion for Leave to File (US App Ct 11th Cir June 7, 2022)
AMICUS BRIEF: Brian Leggett vs. Wells Fargo, Brief of Amicus Curiae PIABA in Support of Appellees, Supreme Court of Fulton County (May 31, 2022)
OPED: Voices Department of Labor must do more to protect retirement savers from advisor conflicts, By Christine Lazaro and Stephan Hall (May 31, 2022)
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In the Media

Finra Takes Another Stab at Remote Supervision Rule, By Miriam Rozen
AdvisorHub (March 30, 2023) - The Financial Industry Regulatory Authority has submitted to the Securities and Exchange Commission another revision to one of its two proposals to make it easier for…
Tipping the scales: Balancing consumer arbitration cases, By Amit Seru
Stanford (February 2023) - Key Takeaways Arbitration is often assumed to be fair and balanced. But brokerage firms often hold an advantage over consumers. Random selection of arbitrators would…
A Public Database of Rejected Arbitrators? Lawyers Suggest Rule Changes to Finra, By Andrew Welsch
Barron's (February 21, 2023) - Attorneys who represent investors are asking Wall Street regulator Finra to amend its proposal for reforming how it selects arbitrators. Their stated goal: greater…
Plaintiff Lawyers Ask Finra To Build Database of Ejected Arbitrators, By Miriam Rozen
AdvisorHub (February 17, 2023) - The Public Investors Advocate Bar Association is pushing for more transparency around how arbitrators are selected in the Financial Industry Regulatory Authority…
PIABA targets unpaid arbitration awards, ‘punitive’ RIA arb clauses, By Investment News
InvestmentNews (January 30, 2023) - Hugh Berkson, president of the Public Investors Advocate Bar Association, talks about PIABA's focus on reducing the number of Finra arbitration awards that aren't…
Plaintiff Lawyers Welcome Finra’s Proposal But Want More Arbitration Transparency by Miriam Rozen
AdvisorHub (January 11, 2023) - The Financial Industry Regulatory Authority’s proposal to tweak its arbitrator-selection procedures, making them more transparent, represents welcome progress,…
Finra Moves to Make Arbitrator Selection Process More Transparent, By Tracey Longo
Financial Advisor (January 5, 2023) -  To further weed out potential conflicts of interest and provide greater transparency into why certain arbitrators are removed from arbitrators selection lists…
Finra Tweaks Remote Inspection Proposal to Pacify Critics, By Miriam Rozen
AdvisorHub (December 19, 2022) - The Financial Industry Regulatory Authority, in an attempt to address criticisms from state regulators and investor advocates, among others, has amended its proposal…
Advisor Group firms to pay GPB investors restitution for 7% commissions, By Tobias Salinger
Financial Planning (December 6, 2022) - Four of Advisor Group's brokerages settled FINRA charges that the firms negligently sold clients $16 million worth of alternative investments without informing…
Advisors Could 'Skirt the Rules' Under FINRA Home Office Plan: PIABA, By Melanie Waddell
ThinkAdvisor (December 2, 2022) - The Public Investors Advocate Bar Association says the Financial Industry Regulatory Authority’s plan to allow a home office to be considered a non-branch “…