PIABA Newsroom

COMMENT LETTER: FINRA Regulatory Notice FINRA 23-09; Additional changes to Rules, Operations or Administrative procedures to further promote Capital Formation (August 8, 2023)
COMMENT LETTER: Proposed Rule Change, as Modified by Amendment No. 1, to Adopt Supplementary Material .19 (Residential Supervisory Location) Under FINRA Rule 3110 (Supervision) (July 31, 2023)
PRESS RELEASE: "It's A Broken System": Investment Fraud Victims Speak Out About Industry-Favored System of RIA-Forced Arbitration (July 25, 2023)
PRESS RELEASE: “Double Whammy For Investors”: PIABA Reacts To New SEC Report Commissioned By Congress On Injustice Of RIA-Forced Arbitration (June 29, 2023)
Subscribe to PIABA Newsroom

In the Media

Proposed Rules Aim to Protect Retirement Savers from Conflicted Advice, By The Street
The Street (October 31, 2023)  The Department of Labor's Employee Benefits Security Administration is proposing a new rule that would protect workers' retirement savings by updating the regulation…
Labor Department proposal kicks off industry's next fiduciary fight, By Tobias Salinger
Financial Planning (October 31, 2023) By Tobias Salinger A new version of the Department of Labor fiduciary rule that the agency is calling the "retirement security rule" is setting up the industry'…
New DOL Fiduciary Rule Cracks Down on 'Junk Fees', By Patrick Donachie
WealthManagement (October 31, 2023) By Patrick Donachie The Labor Department unveiled its latest version of a fiduciary rule on Tuesday, with supporters arguing the proposal largely fell in line…
PIABA Continues Campaign to Reform Broker Expungement Process, By The DI Wire
The DI Wire (October 30, 2023)  The Public Investors Advocate Bar Association, a 501(c)(6) non-profit international bar association, and its sister 501(c)(3) charitable organization, the PIABA…
Financial Planning DayBreak by Brian Wallheimer
Financial Planning (October 28, 2023) By Brian Wallheimer There are a lot of numbers bandied about when it comes to expungement. The biggest and most important might be the 90% rate at which brokers…
PIABA Releases New Expungement Report, By Benjamin P. Edwards
Business Law Prof Blog(October 26, 2023) - By Benjamin P. Edwards PIABA, the Public Investor Advocate Bar Association, and the PIABA Foundation released a new report on FINRA expungement earlier…
Lawyers Enlist State Regulators in Fight to Stop Brokers From Erasing Complaints By Ryan W. Neal
ThinkAdvisor (October 25, 2023) By Ryan W. Neal What You Need to Know Brokers' requests to expunge client complaints from their public records are granted at an astonishing rate, the lawyers' group…
Brokers Win Nine of 10 Expungement Bids, but the Rules Are Changing, By Jake Martin
Financial Advisor IQ (October 25, 2023) By Jake Martin An investor advocacy group is urging state securities regulators to pool their resources to participate in and oppose brokers’ expungement…
FINRA Grants 90% of Brokers' Requests to Erase Customer Complaints, By Rick Steves
Finance Feeds (October 25, 2023) By Rick Steves A study, which analyzed 2,506 “straight-in” expungement awards—cases where brokers seek the removal of customer complaints against their own firms—…
It’s Too Easy to Erase Investor Complaints. That May Be About to Change, Attorney Group Says, By Andrew Welsch
MSN via Barron's (October 24, 2023) - Financial advisors can too easily erase customer complaints from official records, but new regulatory reforms may finally add safeguards to a process that has…