PIABA Newsroom

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)
PRESS RELEASE: Leading Worker, Consumer and Investor Advocates Urge SEC to Investigate RIA Mandatory Arbitration (May 18 2022)
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In the Media

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 “…
Investor Advocate Slams Finra’s Proposed Rule on Residential Offices, By Alex Padalka
Financial Advisor IQ (November 30, 2022) - The Public Investors Advocate Bar Association contends that a proposal to classify home offices as non-branch locations “leaves considerable opportunity for…
FINRA: Firms Should Look Out for 'Red Flags' in Options Trading Applications, By Patrick Donachie
Wealth Management (November 30, 2022) - The regulatory agency released an update Wednesday on its targeted sweep of firms’ supervision of options recommendations, launched in August 2021, offering…
PIABA: FINRA Rules on Residential Offices 'Fundamentally Flawed', By Patrick Donachie
Wealth Management (November 28, 2022) - The proposed rule would make remote examinations of the residential offices a permanent part of FINRA's process, but PIABA President Hugh Berkson warns it…
Off the record: Brokers have until Dec. 7 to comment on FINRA expungement proposal, By Dan Shaw
Financial Planning (November 18, 2022) - Brokers have until Dec. 7 to comment on an amended rule that would make it harder for them to have customer complaints expunged from the online database…