Each year, a handful of private attorneys is selected to serve on the Financial Industry Regulatory Authority’s (FINRA) National Arbitration and Mediation Committee (NAMC). This year, Peter Mougey, of Levin Papantonio Rafferty, joined this exclusive group. The United States Securities and Exchange Commission (SEC) approved Mougey’s nomination to the committee, which makes recommendations to FINRA regarding recruitment, qualification, training, and evaluation of arbitrators and mediators.
“The NAMC fills a very important role creating potential policy changes within FINRA’s dispute resolution forum,” Mougey said. He explained that thousands of attorneys practice in the financial services sector and that he appreciates the SEC and FINRA’s belief that his experience representing more than 3,000 investors will facilitate additional investor protections within a fair forum.
“My entire career is dedicated to protecting Main Street against some of the world’s largest corporations,” Mougey said. “I am proud to be selected to such an exclusive group.”
Leveling the Playing Field in FINRA Arbitration
Almost all broker dealers require arbitration agreements before they can invest in financial markets. Mougey said he will use his experience representing investors in all kinds of cases to create a level playing field within FINRA arbitration.
“My firm makes ‘big law firm resources” available to Mail Street investors,” Mougey explained. “When we try a case, the Wall Street firms know we will use all tools necessary to win. I can use the same resources to ensure the voice of Main Street investors is heard. The result will be an objective arbitration forum filled w neutral arbitrators who will give investors a fighting chance.”
Mougey works as Chair of Levin Papantonio Rafferty’s Securities and Business Litigation department. Along with areas of securities arbitration and litigation, he also concentrates his practice in areas of complex business litigation. Mougey represents more than 20 state and municipal pension funds in various investment disputes across the country. He has also represented more than 1,000 securities fraud victims in state and federal court and securities arbitration nationwide.
About Levin Papantonio Rafferty
Levin Papantonio Rafferty has been in operation since 1955. It is recognized as one of the top law firms in the country, with verdicts and settlements exceeding $4 billion. The firm’s Securities & Investment Fraud Litigation lawyers are passionate about seeking justice for people who have suffered loss through investment fraud and broker/investor advisor misconduct.
If an unscrupulous stockbroker or investment advisor took advantage of your trust—through unsuitable investment advice, investment fraud, or conflicts of interest, or other broker misconduct, Levin Papantonio Rafferty will represent you and work to recover your damages.
FINRA is a Congress-authorized nonprofit organization that oversees U.S. broker-dealers and ensures they operate fairly and honestly. The group keeps an eye on more than 624,000 brokers nationwide. The organization’s aim is to give everyone the confidence they need to participate in the market.