PIABA Newsroom

PRESS RELEASE - PIABA: New SEC Annual Report Validates Wronged Investors, RIA-Mandated Arbitration Must Go (December 5, 2023)
COMMENT LETTER: Sanctions Guidelines and Fitness Standards (November 30, 2023)
COMMENT LETTER: SR-FINRA-2023-013; Proposed Rule Change to Revise and Restate the Qualifications for Representatives in Arbitrations and Mediations (November 3, 2023)
AMICUS BRIEF: Alpine Securities Corp. and Scottsdale Capital Advisors Corp. v. FINRA and USA, Amicus Brief of PIABA in Support of Defendant-Appellee, US District Court for the District of Columbia, No. 1:23-Cv-01506-BAH (November 3, 2023)
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In the Media

Congressional Bill Would Ban Mandatory Arbitration For Advisor, Broker Clients, By Tracey Longo
Financial Advisor (February 2, 2024) By Tracey Longo Legislation introduced this week would prohibit registered investment advisors, broker-dealers and securities dealers from using customer…
New Investor Advocacy Coalition Calls On SEC, Congress To Fix RIA Forced Arbitration Problems By Mondovisione
MondoVisione (February 2, 2024)  Formation Of Investor Advocacy Coalition Follows Increasing Complaints From Wronged Investors, Scathing SEC OIA Report That Found Rias In ‘Violation Of The Fiduciary…
Investor Groups Renew Push to Rein in Mandatory Arbitration at RIAs, By Miriam Rozen
AdvisorHub (February 1, 2024) By Miriam Rozen A coalition of investor advocates on Thursday sounded the alarm once again about registered investment advisory firms’ widespread use of forced…
Investor advocates call on SEC to end RIAs’ use of mandatory arbitration, By Mark Schoeff Jr.
InvestmentNews (February 1, 2024) By Mark Schoeff Jr. 'Investors are forced into an arbitration process that’s unfair – a process that too often leaves retirees ripped off by unscrupulous RIAs and…
SEC accused of ‘regulation by enforcement’ as critics on both sides circle, By John Hilton
Insurance Newsnet (January 31, 2024) By John Hilton The Securities and Exchange Commission (SEC) is getting heat from both investor and advisor groups this week over its regulatory strategies.…
Insurers Seek Spread of State Standard to Thwart DOL 401(k) Rule, By Austin R. Ramsey
Bloomberg Law (January 25, 2024) By Austin R. Ramsey Best-interest model considered a better alternative As fiduciary rule nears finish line, insurers ramp up Opponents of newly proposed US Labor…
Robinhood Settlement Could Embolden State Regulators, Investor Advocates Say, By Miriam Rozen
AdvisorHub (January 24, 20240 By Miriam Rozen The $7.5 million settlement that Massachusetts officials extracted from Robinhood Financial last week could usher in more stringent enforcement or new…
Mandatory arbitration clauses in registered investment advisor agreements draw scrutiny from regulators, By Roger E. Barton
Reuters (January 4, 2024) By Roger E. Barton January 4, 2024 - On Dec. 5, 2023, the Office of the Investor Advocate (OIAD) published its Report on Activities for the Fiscal Year 2023, an annual…
Finra Wants Stricter Rules to Limit Broker Borrowing From Clients, By Miriam Rozen
AdvisorHub (January 3, 2024)  By Miriam Rozen The Financial Industry Regulatory Authority proposed a rule change to tighten its requirements governing brokers’ borrowing from and lending to clients…
Labor gets an earful: 25 key moments from retirement advice hearings, By Tobias Salinger
Financial Planning (December 27, 2023) By Tobias Salinger Two days of panels with critics and supporters of the Department of Labor's "retirement security rule" proposal displayed the widely…