PIABA Issues Updated Expungement Report
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By George H. Friedman, SAA Publisher & Editor-in-Chief

On the heels of the October 16 effective date of a number of rule amendments affecting the expungement of customer dispute information,

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SEC Seems to be Facing a Late June Deadline to Report to Congress on Investor Adviser Arbitration
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By George H. Friedman, SAA Publisher & Editor-in-Chief

By our reckoning, the SEC may be facing a looming late June deadline to report to Congress on investment adviser arbitration.

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Expungement Update: Few Comments on Amended Proposal. PIABA and NASAA Supportive, But SIFMA Urges Disapproval
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The comment period closed December 7 on FINRA’s proposed changes to its expungement rule filing.

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A Few Minutes with New PIABA President Hugh Berkson
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By George H. Friedman, SAA Publisher & Editor-in-Chief

We reported in SAA 2022-42 (Nov. 10) that the Public Investors Advocate Bar Association (“PIABA”) announced in an October 27 Press Release that Hugh D.

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Arbitration of Investor Claims in an Industry-Sponsored Forum – A Look Back at 20 Years of Lessons
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By Courtney Werning, Dave Neuman, Jorge Riera, and Michael Edmiston[1]

Introduction

Industry-sponsored arbitration has long been the only option for investors who have claims against their financial advisors and brokerage firms.

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Consumer Coalition to SEC: Look Into RIA Use of PDAAs Calling for Non-FINRA Arbitration
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A broad coalition of a dozen consumer advocacy groups – including PIABA – has written to the SEC. urging that the Commission investigate the use by RIAs of mandatory predispute arbitration agreements (“PDAA”) providing for the use of non-SRO arbitration fora,

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