PIABA Newsroom

PRESS RELEASE: Data Show that FINRA Efforts to Slow Expungement of Broker Misconduct Has Failed (October 20, 2015)
COMMENT LETTER: SR-FINRA-2015-032 - Rule Change to Amend FINRA Rule 8312 (FINRA BrokerCheck Disclosure) to Reduce the Waiting Period for the Release of Information Reported on Form U5 (October 19, 2015)
PRESS RELEASE: DOL Rule Banning Conflicted-Advice Embraced by Attorneys Who Have Represented Tens of Thousands of Investors (September 25, 2015)
COMMENT LETTER: RIN 1210-AB32 - Definition of the Term "Fiduciary''; Conflict of Interest Rule -- Retirement Investment Advice (September 24, 2015)
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In the Media

FINRA May Create Fund for Unpaid Arbitration Awards
Financial Planning (March 17, 2016) -- During questioning by Sen. Warren, FINRA CEO Richard Ketchum said the regulator may set up a new fund for "terribly harmed" investors. . . .
Frenzy of activity for financial adviser rule, by Megan R. Wilson
The Hill (March 16, 2016 5:00 am) -- Lobbyists for business and public interest groups are flocking to the White House in a last-ditch attempt to shape the Labor Department’s hotly contested “…
Betterment’s Public Comment to the DOL: No More Conflicted Advice
In support of the DOL proposal to extend the fiduciary standard, we submitted an official comment. We support the DOL’s proposal because we believe it will accelerate a shift toward an unambiguous…
Investor Recovery Fund Needed To Close Gap Made By Unpaid Arbitration Awards: Report, by Irvin Jackson
AboutLawsuits.com (March 4, 2016) -- A group of arbitration attorneys warn that about one-third of all investor recovery awards against financial firms for investment losses caused by fraud or…
Advisors to be barred if they don’t pay fines, by Paul Lucas
Wealth Professional (March 9, 2016) -- The Financial Industry Regulatory Authority (Finra) in the USA is looking to clamp down on advisors that aren’t paying arbitration awards.According to the…
Advisors to be barred if they don’t pay fines, by Paul Lucas
Wealth Professional (March 9, 2016) -- The Financial Industry Regulatory Authority (Finra) in the USA is looking to clamp down on advisors that aren’t paying arbitration awards.According to the…
Wronged investors win cases but never collecct, by Andrew Osterland
Yahoo! Finance (March 7, 2016 6:59 am) -- How do you get deadbeat brokers and the firms that employ them to pay what they owe to investors?The Financial Industry Regulatory Authority is open to…
Wronged investors win cases over brokers but never collect, by Andrew Osterland, special to CNBC.com
CNBC.com (March 7, 2016 6:59 am) -- How do you get deadbeat brokers and the firms that employ them to pay what they owe to investors?The Financial Industry Regulatory Authority is open to suggestions…
Finra Will Bar Brokers Who Don’t Pay Arb Fines
FinancialAdvisorIQ (March 7, 2016) -- Finra’s chief Richard Ketchum says the agency is analyzing the legal environment that lets advisor practices avoid paying arbitration awards and is ready to…
This One Photo Captures Why Americans Can’t Win Against Wall Street, by Pam Martens and Russ Martens
Wall Street On Parade (March 4, 2016) -- There are 15 U.S. Senators who are members of the U.S. Senate Banking Committee’s Subcommittee on Securities, Insurance, and Investment that has been…