PIABA Newsroom

COMMENT LETTER: SR-FINRA-2011-016 - Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Delay the Implementation date of FINRA Rule 2090 (Know Your Customer) and FINRA Rule 2111 (Suitability) (May 4, 2011)
COMMENT LETTER: Regulatory Notice 11-11 - Comment on Concept Proposal to Identify and Manage Conflicts Involving the Preparation and Distribution of Debt Research Reports (April 25, 2011)
AMICUS BRIEF: UBS Financial Services, Inc, et al., vs. West Virginia University Hospitals, Inc. et al., Case No. 11-0235-cv, Amicus Brief of Public Investors Arbitration Bar Association (2nd Cir.Ct.App. April 4, 2011)
COMMENT LETTER: Regulatory Notice 11-08 - Proposed Consolidated FINRA Rules Governing Markups, Commissions and Fees (March 28, 2011)
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In the Media

PIABA: Federal Action Needed To Stop U.S. Brokerage Firms Misleading Investors About Role As Fiduciaries, Which Firms Deny To Block Arbitration Claims
BloombergBusiness (March 25, 2015 12:30 pm) -- A warning to consumers and a call for action from the federal government were sounded today: Nine top U.S. brokerage firms including Merrill Lynch,…
WEALTH HEALTH: New report shows necessity for extra checks on brokers - The primary way that consumers check out brokers is flawed, by Chuck Jaffe
PatriotLedger.com (March 23, 2014 8:20 am) -- New report shows necessity for extra checks on brokers Many victims of financial frauds and bad brokers could avoid trouble by doing a simple background…
PIABA (Public Investors Arbitration Bar Association) Goes to Extremes to Attack FINRA's (Financial Industry and Regulatory Authority) BrokerCheck
The National Law Review (March 20, 2014) -- PIABA released on March 6, 2014 its Report entitled “The Inequality of Investor Access to Information,” an an attack on the FINRA BrokerCheck program that…
Can Finra serve investors and the industry?, Editorial
InvestmentNews (March 16, 2014 11:01 pm) -- Is it possible to serve two masters? The Financial Industry Regulatory Authority Inc. would do well to keep that question in mind as it tries to sort out…
Brokers find it harder to wipe slate clean, by Mason Braswell
Muck Rack (investmentnews.com) (March 16, 2014 10:20 am) — Heightened scrutiny of Finra's expungement process is making it harder for brokers to clear their names, according to a survey of…
Don’t trust anyone until you do a background check, by Chuck Jaffe
Why even a flawed background check is better than nothing MarketWatch.com (March 16, 2014 6:58 am) -- Many victims of financial fraud could avoid trouble by doing a simple background check before…
Can you trust BrokerCheck?, by Jim Gallagher
St. Louis Post-Dispatch (March 14, 2014 3:30 pm) -- You can hear it often from personal finance advice-mongers, such as me: Before you sign up with a stockbroker, check his record on BrokerCheck…
Expungement: Renewed Controversy, More Change, by Matt Applebaum, Michael Weissmann and Elizabeth Marino
Boston Bar Association (March 14, 2014) -- Expungement is the process by which a registered representative gets his slate wiped clean of a customer complaint.  Controversy over the expungement…
How Much Don't You Know About Your Financial Adviser?, by Dan Caplinger
Daily Finance (March 13, 2014 10:00 am) - When you hire a financial professional, it's natural that you'd want to know that the person you're entrusting with your hard-earned money is solid and…
Hiding In Plain Sight: Is Your Financial Advisor's Past Being Fully Disclosed?, by Robert Gershman
Forbes (March 13, 2014 9:30 am) -- You’d think investors are well protected from the financial shenanigans, incompetency and outright money grabs of the stray—and straying—investment representative.…