PIABA Newsroom

COMMENT LETTER: SR-FINRA-2013-048 - Proposed Rule Change to Amend FINRA Rule 8312 (FINRA BrokerCheck Disclosure) to Expand the Categories of Civil Judicial Disclosures Permanently Included in BrokerCheck (December 9, 2013)
COMMENT LETTER: SR-FINRA-2013-047 - Proposed Rule Change to Amend FINRA Rule 8312 (BrokerCheck Disclosure) to Include Information About Members and Their Associated Persons of Any Registered National Securities Exchange that Uses the CRD System for Registration Purpose (December 9, 2013)
PIABA BRIEFS: PIABA vs SEC, No. 13-5137, Brief of Amici Curiae Project on Government Oversight Citizens for Responsibility and Ethics in Washington, and Openthegovernment.org in Support of Plaintiff-Appellant (US App Ct DC Cir December 2, 2013)
PIABA BRIEFS: PIABA vs SEC, Appellant's Opening Brief (November 25, 2013)
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In the Media

Brokerage Firms Accused Of False Advertising, by Karen DeMasters
Financial Advisor (March 27, 2015) -- A lawyers' association has accused brokerage firms of misleading investors through their advertising, resulting in billions of dollars in losses to consumers. A…
Report Slams Advisors For Marketing As Fiduciaries
ADVISOR.CA (March 26, 2015) -- Marketing materials of top U.S. brokerage firms strongly imply advisors act as trusted fiduciaries; but when disputes arise and they appear in arbitration proceedings,…
Latest Fiduciary Rule Battle Cry: 'Broker Ads Mislead Investors', by Andrew Welsch
financial-planning.com (March 26, 2015 10:43 AM) -- From Allstate Financial's "good hands" to a Merrill Lynch ad about putting "your needs front and center," an investor advocate group is taking…
Latest Fiduciary Rule Battle Cry: 'Broker Ads Mislead Investors', by Andrew Welsch
onwallstreet.com (March 26, 2015 10:41 AM) -- From Allstate Financial's "good hands" to a Merrill Lynch ad about putting "your needs front and center," an investor advocate group is taking issue with…
Should States Regulate Brokers? by Andrew Pavia and Andrew Weslch
FinancialPlanning (March 26, 2015 9:56 am) -- New York City Comptroller Scott Stringer is tired of waiting on the SEC to create a uniformed fiduciary standard for advisors.While the federal agency…
U.S. brokerage firms misleading investors about fiduciary role: PIABA
U.S. brokerage firms misleading investors about fiduciary role: PIABA - Report contrasts brokerage firm ad claims with arguments firms make in arbitration proceedings, by James…
Disconnect Between What Brokerages Say and Do?
Disconnect Between What Brokerages Say and Do?, by Jason ZweigThe Wall Street Journal (March 25, 2015 12:31 pm) --The controversy surrounding whether stockbrokers and other securities salespeople…
PIABA: Federal Action Needed To Stop U.S. Brokerage Firms Misleading Investors About Role As Fiduciaries, Which Firms Deny To Block Arbitration Claims
Advertising Like Doctors, Arbitrating Like Used Car Salesmen: "Huge Disconnect" Seen Between Brokerage Ad Claims and Tactics Used to Fight Aggrieved Investors; SEC and DOL Action Seen as Vital.…
PIABA: FEDERAL ACTION NEEDED TO STOP U.S. BROKERAGE FIRMS MISLEADING INVESTORS ABOUT ROLE AS FIDUCIARIES, WHICH FIRMS DENY TO BLOCK ARBITRATION CLAIMS
Advertising Like Doctors, Arbitrating Like Used Car Salesmen: "Huge Disconnect" Seen Between Brokerage Ad Claims and Tactics Used to Fight Aggrieved Investors; SEC and DOL Action Seen as…
PIABA Slams Nine Brokerages, But Is Their Report Sound?
PIABA Slams Nine Brokerages, But Is Their Report Sound?, by Megan LeonhardtWealthManagement.com (March 25, 2015) In a report published Wednesday, the Public Investors Arbitration Bar Association…