Tagged with "PIABA"

PIABA Urges SEC to Limit RIAs' Mandatory Arbitration and Mandate Disclosure of Client Claims

Posted on July 28th, 2023 at 11:02 AM
PIABA Urges SEC to Limit RIAs' Mandatory Arbitration and Mandate Disclosure of Client Claims

The Public Investors Advocate Bar Association (PIABA), a trade group representing plaintiffs' lawyers, has urged the Securities and Exchange Commission (SEC) to take action against the "broken" arbitration system used by investors bringing claims against registered investment advisers (RIAs).

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Investor's Family Sues FINRA Alleging Biased Arbitration

Posted on December 31st, 2015 at 12:19 PM
Investor's Family Sues FINRA Alleging Biased Arbitration

Family members of two former Wachovia Securities clients are suing the Financial Industry Regulatory Authority (FINRA) Dispute Resolution in U.S. District Court, claiming the arbitration system has denied them their fundamental right to due process.

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New Study Compares Brokerage Firm Advertising

Posted on April 15th, 2015 at 3:32 PM
New Study Compares Brokerage Firm Advertising

New Study Compares Brokerage Firm Advertising to Arbitration Positions Taken Related to Fiduciary Duty

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LATEST NEWS AND ARTICLES

April 18, 2024
SEC Fines Target Off-Channel Communications

The Securities and Exchange Commission (SEC) is ramping up its enforcement efforts targeting off-channel communications, particularly text messages, among investment advisory firms.

April 17, 2024
B. Riley Financial Again Delays Filing Audited Results

B. Riley Financial Inc. has encountered a setback in filing its audited results within an extended timeframe, adding to existing pressure amid concerns raised by short sellers regarding its association with a former business partner.

April 16, 2024
Former Wells Fargo Advisor Accepts Industry Bar Amidst Misuse of Client Funds Allegations

A former advisor with Wells Fargo Advisors Financial Network (FiNet) in Chicago, Jayson R. Pocius, has agreed to accept an industry bar rather than cooperate with a
Financial Industry Regulatory Authority (FINRA) investigation into allegations of misusing client funds.