Highbeam Business (June 16, 2008) — The Public Investors Arbitration Bar Association has questioned parts of the Financial Industry Regulatory Authority’s proposal to change forms U4 and U5, the registration and termination forms.

The Public Investors Arbitration Bar Association has questioned parts of the Financial Industry Regulatory Authority’s proposal to change forms U4 and U5, the registration and termination forms.

PIABA backed the proposed requirement that firms report to the Central Registration Depository allegations of sales practice violations against brokers in arbitration claims or civil lawsuits, even if the individual is not named as a respondent, arguing that the CRD needs to include more information. …