Andrew Stoltmann, president of the Public Investors Arbitration Bar
Association, called the percentage "massive," but applauded FINRA for "attempting to get on top" of the issue by releasing the discussion paper.
A study released last year by the Public Investors Arbitration Bar
Association on unpaid arbitration awards found that 75 FINRA arbitration awards, or about one-third of the total number handed down in 2013, were unpaid.
In July, the Public Investors Arbitration Bar
Association (PIABA) filed an amicus brief arguing that the DOL has in fact been empowered to oversee fiduciary conduct since 1978 under President Jimmy Carter.
The Public Investors Arbitration Bar
Association supports the DOL rule, as does the union-backed Americans for Financial Reform.
Public Investors Arbitration Bar
Association (PIABA) said it has supported the US Securities and Exchange Commission (SEC) investor advisory commission for its decision to explore a unified database detailing the background information on financial professionals.
In a study released last year, the Public Investors Arbitration Bar
Association (PIABA) found that an "alarmingly high" percentage of brokers--90 percent--had their arbitration records wiped clean by hinging settlement on expungement.
"Still, the decision is a slap in the face to the international arbitration bar
and inconsistent with Canadian attempts to promote the country as an arbitration venue."
The Supreme Court surprised many members of the class action bar and the arbitration bar
with its plurality decision in Green Tree Financial Corp.
Thomas Mason [of the Norman, Oklahoma-based Public Investors Arbitration Bar
Association] used to enjoy watching Bond on Wall Street Week with Louis Rukeyser, and that he is sorry Bond turned out to be a crook.
CCH, Inc., a provider of legal information, software, and services, has announced that it will aggressively oppose and seek prompt legal resolution for an attempt by the Public Investors Arbitration Bar
Association (PIABA) to misappropriate, duplicate, and sell to PIABA members the proprietary and copyrighted SAC-CCH Awards Library, an electronic collection of securities arbitration awards.
Coleman of Clearwater and Robert Dyer of Orlando organized and presented the Public Investors Arbitration Bar
Association Florida Mid-Year Meeting in Ft.