Brian Smiley was quoted in a recent Bloomberg Businessweek article discussing Registered Investment Adviser’s. In theory, RIAs are legally bound to put their clients’ interests first, but in practice, they offer few protections for investors.
Registered Advisers Increase by 39%
Commenting on the risk of losing money to thinly capitalized investment advisors, Atlanta-based securities lawyer Brian Smiley is quoted as saying, “If a large brokerage firm defrauds you, at least they have the money to pay you back.”
Public Guard Changes at SICA
Brian Smiley’s appointment to SICA is discussed in a recent Securities Arbitration Commenter Alert.
A “Securities Arbitration Alert” published on April 6, 2011 by the Securities Arbitration Commentator discussed Brian Smiley’s recent appointment to the Securities Industry Conference on Arbitration (SICA). Continue reading
SEC Approves FINRA All-Public Panel Option
Brian Smiley quoted in On Wall Street about new FINRA arbitration rule.
The move may be hailed by investor groups, but other industry experts are criticizing the Securities and Exchange Commission’s recent approval of a rule change that allows for the option of all-public panels in FINRA arbitrations.
Can the SEC Beat Goldman Sachs?
Smiley Bishop & Porter LLP quoted in U.S. News & World Report on SEC’s suit against Goldman Sach’s.
News that the Securities and Exchange Commission filed a civil suit against Goldman Sachs has sent the investment bank’s stocks reeling. But are investors overreacting?
FINRA Blames Morgan Keegan, Not Brokers, For Hiding Risk
Dow Jones quotes Brian Smiley on securities regulators’ charges against Morgan Keegan.
Securities regulators’ actions against Morgan Keegan & Co. put its brokers in the same basic category as investors: duped.
Arbitrator Out of Work? Call FINRA
Wall Street Journal cites Brian Smiley on FINRA’s efforts to recruit arbitrators to handle Morgan Keegan claims.
Wall Street needs an army of arbitrators to clean up the mess left by the headline-grabbing collapse of three mutual funds stuffed with collateralized debt obligations and other subprime-related securities.
Investors Win More Broker Cases
Brian Smiley addresses the recent flood of claims against brokers.
Investors pummeled by last year’s market meltdown are increasingly taking their brokers to task.
More Firms Join Arbitration Experiment
PIABA President Brian Smiley provides comments on the proposed rule change for securities industry arbitrators.
With the downturn taking its toll on investors’ portfolios, the Financial Industry Regulatory Authority (FINRA) is seeing a substantial increase in the number of complaints filed against brokers and advisers. But even as these firms are getting hit hard with arbitration, three more just signed up for a pilot program aimed at giving investors more choices in their bids to recover losses.
Five Questions with Brian Smiley
PIABA President Brian Smiley speaks about arbitration and investor protection.
Brian Smiley, a partner in the Atlanta law firm Smiley Bishop & Porter LLP, also serves as the president of the PIABA, which promotes the interests of investors involved in arbitration disputes against brokerage firms. He spoke to Judith Schoolman about his group’s goals and why he’s been so busy.
