Jeffrey Sonn has been reelected to the Board of Directors of the Public Investors Arbitration Bar Association for 2010-2012. PIABA is a national bar association whose mission is to level the playing field for investors in Financial Regulatory Authority (FINRA) arbitrations.
FINRA arbitration is usually the sole remedy that the American investor has when they believe they are the victim of negligent or fraudulent financial advice. FINRA arbitration is an alternative to court, where cases are not decided by a judge and jury, but by one to three arbitrators who are trained by FINRA. Most arbitration panels have at least one member of the financial services industry on every arbitration panel, and is the only industry that forces its customers to have a member of their own industry sit in judgment of another member of the same industry. The goal of PIABA is to make arbitration as fair as possible for all investors. PIABA provides educational seminars for securities lawyers on securities law and arbitration, as well as working with state and federal regulators to strengthen the rules and laws to protect investors from misconduct by Wall Street.
