Attorney Robert Banks was recently appointed by FINRA’s Board of Directors to serve on FINRA’s National Arbitration and Mediation Committee (NAMC). Banks has served two previous 4 year terms on the NAMC, and has chaired its Rules and Procedures Subcommittee, its Discovery Task Force and Arbitrator Training Task Force.
The NAMC is an advisory committee that works to improve the FINRA arbitration process. The NAMC’s mission is to advise the FINRA Board on development and maintenance of an equitable and efficient system of dispute resolution that will equally serve the needs of the public investors, securities firms, and registered persons – not a small task! The NAMC typically has between 15 and 20 members. Half are affiliated with the securities industry, and half bring an investor perspective to the process.
Investors are fortunate to again have Banks representing their interests on this highly selective and important committee. The next NAMC meeting is on July 15, 2015 at FINRA’s New York offices at One Liberty Plaza.