PIABA Newsroom

PRESS RELEASE: Federal Action Needed to Stop U.S. Brokerage Firms Misleading Investors About Role as Fiduciaries, Which Firms Deny to Block Arbitration Claims (March 25, 2015)
REPORT: Major Investor Losses Due to Conflicted Advice: Brokerage Industry Advertising Creates the Illusion of a Fiduciary Duty, Misleading Ads Fuel Confusion, Underscore Need for Fiduciary Standard, Joseph C. Peiffer and Christine Lazaro (March 25, 2015)
PRESS RELEASE: PIABA Urges SEC to Weigh CFPB Study Faulting Mandatory Arbitration Agreements (March 10, 2015)
COMMENT LETTER: SR-FINRA-2015-003 - Proposed Rule Change to Amend the Codes of Arbitration Procedure to Increase the Late Cancellation Fee (March 9, 2015)
Subscribe to PIABA Newsroom

In the Media

The Broker Is Dead! Long Live the New Fiduciary Broker! by Mark Henricks
mdn.md (September 25, 2015) — A new fiduciary rule proposed by the Department of Labor would tighten rules on brokers who work with millions of Americans’ retirement accounts. The change would change…
The Broker Is Dead! Long Live the New Fiduciary Broker! by Mark Henricks
allfinancialonline.com (The Street) (September 25, 2015) -- A new fiduciary rule proposed by the Department of Labor would tighten rules on brokers who work with millions of Americans’ retirement…
The Broker Is Dead! Long Live the New Fiduciary Broker! by Mark Henricks, posted by Lisa K. Thompson
ruli.to (September 25, 2015) — A new fiduciary rule proposed by the Department of Labor had tighten rules on brokers that deal with millions of Americans’ pension. The modification would certainly…
DOL Rules on 'Conflicted Advice'
Fiduciary Rule Seen as Vital to Protect Investors Bound for Retirement Yearslifehealth.com (WASHINGTON, Sept. 28, 2015 /PRNewswire-USNewswire) — Should the U.S. Department of Labor (DOL) fail to move…
More Protection for a Nest Egg Has Some Brokers Upset, Tara Siegel Bernard
The New York Times (September 18, 2015) -- A DOZEN or so new victims file into Joseph Peiffer’s law offices each month.There was the 51-year-old woman who worked at BellSouth, he recounted, who was…
Finra board to consider tougher expungement guidance to arbitrators, by Mark Schoeff Jr.
Inserting strong language into rules, such as that wiping clean a broker's record should only be considered 'an extreme remedy,' could give it more weightInvestmentNews (September 15, 2015 12:52 pm…
Witness says brokers try to pass themselves off as fiduciaries, by Nick Thornton
Testimony details retiree horror stories during hearings on DOL fiduciary rulebenefitspro.com (August 14, 2015) -- At the heart of the Department of Labor’s effort to finalize a new rule requiring…
Conflicted Advice from Brokers According to Public Investors Arbitration Bar Association, by Aaron A Day
ATTORNEY REPRESENTING 500+ INVESTORS IN CONFLICTED ADVICE CASES: HOLD BROKERAGE FIRMS RESPONSIBLE FOR FIDUCIARY DUTY THEY ALREADY TELL INVESTORS THEY HAVEPublic Investors Arbitration Bar Association…
The new Obama rule that’s making stockbrokers swear, by Michael Grunwald
Politico (August 10, 2015 7:51 am) -- In April, two months after President Obama proposed a rule that would require financial advisers to serve the best interests of their clients, a Merrill Lynch…
Dogged by Puerto Rican Troubles, UBS Dodges $2.5M Arbitration Claims, by Andrew Welsch
onwallstreet (August 7, 2015 11:22 am) -- An arbitration panel ordered UBS to pay $250,000 to two former clients in the latest case stemming from the sale of municipal bonds and closed-end funds in…