PIABA Newsroom

PRESS RELEASE: PIABA announces strong support for Investor Choice Act barring mandatory arbitration (February 27, 2015)
PRESS RELEASE: Nine Groups Urge FINRA Task Force to Release Data On Mandatory Arbitration For Investors (January 21, 2015)
COMMENT LETTER: Regulatory Notice 14-52 - Proposed Rule Requiring Confirmation Disclosure of Pricing Information in Fixed Income Securities Transactions (January 12, 2015)
COMMENT LETTER: SR-FINRA-2014-048 - Notice of Filing of a Proposed Rule Change to Adopt FINRA Rule 2242 (Debt Research Analysts and Debt Research Reports) (December 12, 2014)
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In the Media

Morgan Claws Back $750K From Advisor, by Andrew Welsch
onwallstreet.com (August 6, 2015 3:31 pm) -- Morgan Stanley won a $750,000 clawback from a former advisor who claimed that the firm had failed to notify him of obligations to disclose criminal…
Newly Elected FINRA Leader Raises Fiduciary Hackles, by Ann Marsh
FinancialPlanning (August 3, 2015 8:19 am) -- Fiduciary advocates expressed concern after FINRA member firms elected a "dissident" candidate to its board of governors after he said he would represent…
Wells Fargo To Stop Senior Transactions It Deems Suspicious, by Ted Knutson
Financial Advisor (July 31, 2015) -- Advisors at Wells Fargo will stop transactions where they suspect elder fraud even if they don’t have the legal authority, company managing counsel Beverly Jo…
Attacks on DOL’s Fiduciary Rule Grounded in Lies, Alex Padalka
Financial Advisor IQ (July 27, 2015) -- The Department of Labor’s proposal to impose the fiduciary standard on brokers managing retirement accounts has ruffled many feathers. By the end of the…
Separating fiction and facts in the conflicted-advice debate, by Joseph C. Peiffer
The Hill Congress Blog (July 23, 2015 3:00 pm) -- Who could possibly be against eliminating a conflict of interest that costs American savers and investors $17 billion to $21 billion a year?  Who…
Finra Takes Second Crack At Recruit-Bonus Disclosure Rules, by Dan Jamieson
Financial Advisor (July 21, 2015) -- Finra’s second attempt at a recruitment-bonus disclosure rule hasn’t won many fans. Securities firms say the plan to require disclosure of brokers’ recruitment…
Industry Groups Urge SEC for Advisor Disclosure Amid BrokerCheck Shortfalls, by Shreya Agarwal
onwallstreet.com (July 16, 2015 10:38 am) -- The discord over incomplete information in FINRA’s BrokerCheck service is reaching a new level as the SEC’s Investor Advisory Committee is nearing a vote…
LPL to Pay $250K State Fine Over 'Bogus' Senior Designations, by Ann Marsh
FinancialPlanning (July 16, 2015 10:04 am) -- It started with a state compliance review of a single business card that referred to an LPL Financial planner as a "Retirement Income Planning Specialist…
Investor Advocacy Groups Want BrokerCheck to Show More, by Alex Padalka
Financial Advisor IQ (July 17, 2015) -- Investor advocates aren’t happy Finra’s BrokerCheck omits certain information in its advisor profiles — data that’s available elsewhere, Financial Advisor…
Investor Groups Slam Finra’s BrokerCheck As Misleading, Ted Knutson
Financial Advisor (July 15, 2015) -- Investor groups slammed Financial Industry Regulatory Authority’s BrokerCheck reports as incomplete and misleading.The Public Investors Arbitration Bar…