PIABA Newsroom

COMMENT LETTER: California AB 1517 (Muratsuchi/Chiu) - Support as Proposed to be Amended (March 27, 2017)
COMMENT LETTER: RIN 1210‐AB79 - Definition of the Term “Fiduciary”; Delay of Applicability Date (March 17, 2017)
PRESS RELEASE: PIABA Lauds Court Ruling in Favor of Fiduciary Rule, Urges End to Challenges and Multi-Billion-Dollar “Victimization of Investors” (February 9, 2017)
COMMENT LETTER: SR‐MSRB‐2016‐015 - Proposed Rule Change to Extend the MSRB’s Customer Complaint and Related Recordkeeping Rules to Municipal Advisors and to Modernize Those Rules (December 9, 2016)
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In the Media

Will Brokerages Demand Protection From Lawsuits?
Barron's (October 26, 2017) - Consumers won’t be able to sue banks and credit-card companies, thanks to Congress. And some predict they’ll soon be blocked from suing brokerages as well, reports…
Senate's takedown of the CFPB's class-action rule may pave way for challenge to Finra policy
InvestmentNews (October 25, 2017) - Investor advocates fear brokerage firms may seek to overturn Finra's rule banning class-action waivers in customer agreements After the Senate's rejection Tuesday…
New PIABA President Vows To Reform Arbitration Rules and Protect DOL Rule
Financial Advisor (October 24, 2017) - Attorney Andrew Stoltmann is roaring into the top spot at the Public Investors Arbitration Bar Association with an aggressive agenda that includes reforming…
PIABA selects Andrew Stoltmann as new president
InvestmentNews (October 23, 2017) - On plaintiff group's agenda: Establishing unpaid arbitration award pool and ensuring SEC doesn't 'water down' DOL fiduciary rule Chicago attorney Andrew Stoltmann…
Finra's fine money whets appetites of investor advocates, experts, industry representatives
InvestmentNews (October 23, 2017) - Suggestions for uses range from establishing funds for harmed investors, those whose arbitration awards go unpaid or giving it to the Treasury Department The $176.…
PIABA Names a New President
ThinkAdvisor (October 23, 2017) - Setting up unpaid arbitration pool, stopping 'watered down' SEC fiduciary rule among his priorities The Public Investors Arbitration Bar Association announced Monday…
Finra rule would let investors take arb claims to court if broker goes bankrupt during proceeding, By Mark Schoeff Jr.
InvestmentNews (October 19, 2017) - Move is designed to address unpaid arbitration claims, but critic says it doesn't go far enough Finra is seeking to allow investors in arbitration to take their…
Finra Offers Remedy for Unpaid-Claims Problem
Barron's (October 19, 2017) - Finra wants to allow investors in arbitration to take their claims to court if their brokerages or brokers go bankrupt while arbitration is underway, InvestmentNews…
Should Non-Attorneys Represent Investors in Arbitration? FINRA’s Asking
Wealth Management.com (October 19, 2017) - The regulator began a comment period on the topic Wednesday. The Financial Industry Regulatory Authority is considering whether non-attorneys should be able…
Borg puts cybersecurity, unpaid arbitration claims on NASAA agenda, By Mark Schoeff Jr.
InvestmentNews (October 3, 2017) - Alabama securities director takes helm of state regulators' association for third time, and at age 64 he might still make time to ride his motorcycle When Joe Borg…