On November 12, the Public Investors Advocate Bar Association (PIABA), sent a letter to Ms. Vanessa A. Countryman, Secretary of the Securities and Exchanges Commission (SEC), to oppose the Proposed Exemptive Order Granting Conditional Exemption from the Broker…
Securities Fraud
The Obama administration’s efforts to require firms to truly work in the interests of investors has already given people better choices, a new study says. “A battle over exactly how investors should be treated when they get financial…
Written testimony from Joseph Peiffer, Managing Shareholder of Peiffer Wolf and Past Board President of PIABA, appearing before the U.S. Department of Labor, Employee Benefits Security Administration at the hearing on Improving Investment Advice for Workers and Retirees…
“New streamlined SEC disclosure meant to aid investors often leaves them in the dark In July, millions of American investors received a new government-mandated form from their financial planners that required advisers to disclose past misdeeds. But hundreds…
Reg BI | Law 360 | June 5, 2020 “Law360 (June 5, 2020, 7:17 PM EDT) — With the compliance deadline for the U.S. Securities and Exchange Commission’s Regulation Best Interest fast approaching on June 30, broker-dealers and those…
“Paying the Price for Killing a Real Fiduciary Rule”: Risky, High-Commission Investment Schemes Already Being Promoted to Unwary Investors Hit With Major Portfolio Losses; How to Spot and Avoid Four Types of the Worst Investment Situations. NEW…
Investments | The New York Times | Tara Siegel Bernard | March 13, 2020 Investments: Fixed-index annuities are often pushed as a panacea to plunging markets “As markets plunge, investors are likely to see more pitches from annuity…
Stock | The New York Times | Neil Irwin | March 12, 2020 Something is breaking down in the workings of the financial system “It has been an unsettling week on global financial markets, and not just because the stock…
GPB | Tamba Bay Times | Tracey McManus | March 11, 2020 GPB: Ponzi scheme and connections to a Russian crime figure allegations CLEARWATER — The office in downtown’s One Clearwater Tower is nondescript, with a single door on the…
Retirement | CNBC | Jessica Dickler | March 11, 2020 “The coronavirus is sending shockwaves through the economy, and even those looking for a safe haven can’t find much relief. In the wake of an emergency rate cut by…