PIABA Newsroom

COMMENT LETTER: Comment on Draft Regulations to be added to Chapter 90 of the Nevada Administrative Code– Fiduciary Duty Regulations (March 1, 2019)
COMMENT LETTER: Pre-Proposed Amendment N.J.A.C. 13:47A-6.3, Fiduciary Duty (December 14, 2018)
Investor Advisory Committee Meeting (SEC), Statement of Christine Lazaro regarding FINRA Unpaid Arbitration Awards (December 13, 2018)
COMMENT LETTER: S7-08-18, S7-09-18 and S7-07-18 - Comments on RAND Corporation’s Testing of Form CRS Relationship Summary
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In the Media

House Bill Seeks End To Mandatory Arbitration Agreements, By Tracey Longo
Financial Advisor (May 23, 2019) - The House of Representatives passed an amendment late Wednesday that would prohibit mandatory arbitration agreements and reinstate the right of investors to bring…
State regulators urge SEC not to try to block state fiduciary laws, By Mark Schoeff Jr.
InvestmentNews (April 30, 2019) - NASAA doesn't want regulator to assert federal preemption in advice rule.  State regulators are urging the Securities and Exchange Commission not to try to block…
Morgan Stanley Seeks Default Judgment to Force Customer to Arbitrate Claims Unrelated to His Own Accounts, By Miriam Rozen
Financial Advisor IQ (April 23, 2019) - Morgan Stanley asked a court last week to issue a default judgment against a former customer, forcing him to arbitrate a claim merely because he is a customer…
Warren presses FINRA for answers on expungement reform, By Kenneth Corbin
Financial Planning (April 1, 2019) - Sen. Elizabeth Warren is asking some pointed questions about FINRA's evolving protocols for deleting customer dispute information from brokers' records,…
How brokers' bonuses can lead to ruin, By Jeffrey Meitrodt
Star Tribune (March 24, 2019) - Critics caution that financial firms are often the only ones to profit from the practice. After 26 years helping his clients try to get rich, Indiana securities…
Brokers vow to pull business if Nevada sets fiduciary duty, By Kenneth Corbin
Financial Planning (March 20, 2019) - Several of the nation's leading broker-dealers are threatening to stop doing business in Nevada if the state moves to impose a fiduciary duty on the industry.…
Why Brokers Could Keep Getting Away With Unpaid Arbitration Awards, By Rita Raagas De Ramos
Financial Advisor IQ (March 5, 2019) - Industry organization Finra is looking into all potential solutions to solving the long-time problem of unpaid arbitration awards. “Everything’s on the table…
Bills would end mandatory arbitration in adviser, broker contracts, By Mark Schoeff Jr.\
InvestmentNews (March 4, 2019) - Legislation faces uphill battle in Congress, but the issue may become popular on the presidential campaign trail. New legislation that would prohibit mandatory…
B-Ds, Advisors Would Lose Ability To Force Arbitration Under Proposed Law, By Tracey Longo
Financial Advisor (March 1, 2019) - New legislation in Congress would mandate that every company—including broker-dealers, investment advisors and insurance companies—eliminate the arbitration…
Finra expungement: More limitations on the way, By Joel M. Everest
InvestmentNews (February 22, 2019) - A Finra proposal would upend the existing landscape for removing customer complaints from advisers' records  Since the inception of the Finra’s Central…