PIABA Newsroom

AMICUS BRIEF: Interactive Brokers LLC vs. Rohit Saroop; Preya Saroop; and George Sofis, No. 19-1077, Brief of Amicus Curiae Public Investors Arbitration Bar Association in Support of Plaintiff-Appellee (4th Cir.) (April 18, 2019)
Statement for the Record by PIABA Hearing before the House Financial Services Committee (April 2, 2019)
Statement for the Record by the Public Investors Arbitration Bar Association Hearing before the House Financial Services Committee; Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets (March 14, 2019)
PRESS RELEASE: PIABA: Small Investors in Need of Attorneys Should Do Their Homework (March 6, 2019)
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In the Media

Think You're Too Smart To Be Duped? Maybe Not! By Kerry Hannon
Forbes (July 1, 2019) - Even those of us who pride ourselves on being good judges of character and wary of something that sounds or looks too good to be true, can fall for a hoax, a sham or a…
Vermont establishes restitution fund for victims of investment fraud, By Mark Schoeff Jr.
InvestmentNews (June 19, 2019) - Portion of settlements with financial perpetrators would supply the pool.  Vermont victims of investment fraud will be more likely to recover money thanks to a…
Retirement Lobby Group Says Legal Battles Over SEC’s Reg BI May Be Imminent, By Garrett Keves
Financial Advisor IQ (June 11, 2019) - Legal battles over the SEC’s Regulation Best Interest package may be imminent as consumer groups and legislators have already voiced staunch opposition,…
Will the SEC’s Reg BI Be Challenged in Court? By Ted Godbout
NAPA (June 10, 2019) - Regulatory Compliance The ink is not yet dry on the SEC’s new investment advice package, but the prospects of a looming legal battle have already surfaced.  The SEC voted 3-1…
The SEC's new financial adviser rule gets mixed reviews, By Dion Rabouin
AXIOS (June 6, 2019) - The SEC has passed Regulation Best Interest, a new rule requiring stockbrokers and financial advisers to act in the best interest of their clients. Yes, but: There are some…
SEC Vote on Regulation Best Interest Broker Rule Draws Scrutiny From Investor Advocates, By Sophia Cai
Barron's (June 5, 2019) - The Securities and Exchange Commission is poised to vote on an overhaul of broker-conflict rules on Wednesday, and advocates say that’s bad news for investors.  The so-…
Investor advocates slam SEC advice reform on eve of Reg BI vote, By Mark Schoeff Jr.
InvestmentNews (June 4, 2019) -Barbara Roper says the new regulations 'will mislead investors into expecting protections the rules do not deliver and deprive them of protections they currently…
Consumer Federation of America & PIABA: SEC Chair’s Proposal on Investment Advice Should Be Renamed “Regulation NBI (Not Best Interests)”, By Max Karlin
Business Wire (June 4, 2019) - Ahead of Vote, Leading Investor Watchdog Group Accuse SEC of Falsely Claiming Reg BI Better for Investors; CFA, PIABA and Better Markets Warn Mislabeled Proposal is “…
Consumer Groups Blast SEC On Eve Of Broker Conflicts Rule, By Tracey Longo
Financial Advisor (June 4, 2019) - The Securities and Exchange Commission is just 24 hours away from a historic vote to finalize its long-awaited plan for overhauling broker conflict-of-interest…
Morgan Stanley's "Shoehorning" of a Client into Finra Arbitration is Flawed, Lawyer Claims, By Miriam Rozen
Financial Advisor IQ (May 30, 2019) - Morgan Stanley relies on flawed legal arguments in its attempt to “shoehorn” a client into Finra arbitration, according to a brief filed by the client, Nirav…