PIABA President Raises Concerns Over Potential Weakening of Investor Protections
1 report, 1 independent
Updated Wed 00:00
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What happened
Joseph Wojciechowski, the new president of the Public Investors Advocate Bar Association, stated that industry-pushed changes to regulations could weaken arbitration protections for investors in securities disputes. He specifically cited FINRA’s Regulatory Notice 26-06, which is an open request for comments on updating FINRA’s arbitration policies.
From wealthmanagement.com
Why it matters
The concerns center on how regulators will approach arbitration reform, which PIABA argues could undermine investor protections. Wojciechowski criticized FINRA, the Securities and Exchange Commission, and the Securities Industry and Financial Markets Association for their regulatory approach.
From wealthmanagement.com