PIABA Newsroom

AMICUS BRIEF: William K. Holmes, Holmes Capital, LLC, et al. vs Jack Grubman and Citigroup Global Markets, Inc. f/k/a Salomon Smith Barney & Co., Inc., S09Q1585, Amicus Brief of Public Investors Arbitration Bar Association (Sup.Ct.Ga. September 23, 2009)
COMMENT LETTER: SR-FINRA-2009-050 - Notice of Filing of Proposed Rule Change Relating to FINRA Rule 8312, BrokerCheck Disclosure (September 4, 2009)
PIABA RULE PROPOSALS: PIABA Response to FINRA regarding Proposed Rule Change Submitted to Securities and Exchange Commission Affecting Elimination of FINRA-DR Mandatory Industry Arbitrator Pursuant to Commission Rule of Practice 192(1) (August 10, 2009)
PIABA RULE PROPOSALS: FINRA Response to PIABA's Proposed Rule Change Submitted to Securities and Exchange Commission Affecting Elimination of FINRA-DR Mandatory Industry Arbitrator Pursuant to Commission Rule of Practice 192(1) (August 3, 2009)
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In the Media

Are Rogue Brokers On The Rampage?, Dan Jamieson
Financial Advisor (October 24, 2013) -- So, are hordes of rogue brokers erasing their troubled disciplinary records thanks to Finra arbitrators who are rubber-stamping expungement requests?         …
FINRA to Tighten Training and Standards for Expungement Arbitrators
FINRA to Tighten Training and Standards for Expungement Arbitrators, by Mason Braswellonwallstreet.com (October 22, 2013 11:29 pm) -- After coming under pressure from the public and investor…
Get the latest DealFlow Report: Broker discipline study, by Jeffrey Kanige
TheDeal.com (October 22, 2013 9:10 am) -- The latest edition of the DealFlow Report includes coverage of a Public Investors Arbitration BAr Association study finding an "alarming" increase in the…
When Investigating a Stock Broker, Don't Stop at Google, by Juliette Fairley
Mainstreet.com (October 22, 2013 4:38 am) -- Wells Fargo agreed to pay $125,000 to settle a complaint that accused the bank of fraud related to a broker's actions. The broker, Michele Kief in Naples…
Is it too easy to clear broker records? - Expungement granted at least 90% of the time in the 1,625 cases in which it was requested between '07 and '11: Study
Is it too easy to clear broker records? - Expungement granted at least 90% of the time in the 1,625 cases in which it was requested between '07 and '11: Study, by Mark Schoeff Jr.InvestmentNews (…
Most broker arbitration cases are expunged, by Warren S. Hersch
lifehealthpro.com (October 18, 2013) -- Attention all producers: Stockbrokers to whom you refer clients for advice on investing in stocks may not have the unblemished records that public records…
Expungement Granted in High Percentage Of Broker-Dealer Arbitration Settlements, by Yin Wilczek
Bloomberg BNA (October 18, 2013) --Expungement relief was granted in a very high percentage of arbitration cases filed by investors against broker-dealers, particularly those that were resolved by…
Stockbrokers’ alleged wrongdoing often erased, study finds, by Walter Hamilton
The Seattle Times (Originally published October 17, 2013 at 5:50 pm; Updated October 17, 2013 at 9:04 pm) -- Alleged wrongdoing by stockbrokers is routinely erased from public records, making it…
Stockbroker Arbitration Slates Wiped Clean 9 out of 10 Times
Troubling Findings Raise Question:  Are Investors Being Kept in the Dark About Arbitration Cases?lifehealth.com (October 17, 2013) – Investors who rely on public records to check out the background…
Does Your Financial Advisor Really Have a Clean Record?
Does Your Financial Advisor Really Have a Clean Record?themoneypivot.com (October 17, 2013) -- When hiring a financial advisor, investors are told to “do their research” by using public databases…