WGK’s Peter King Selected to Serve on FSI FINRA Arbitration Task Force
Wiand Guerra King’s Peter B. King was recently asked to serve on the Financial Services Institute (FSI) Arbitration Task Force, which was assembled to address and work to resolve what the industry perceives as challenges or missteps in the FINRA arbitration code, which puts many industry members at a disadvantage during arbitrations.
WGK is a member of the Financial Services Institute, a trade group comprised of independent broker/dealers and investment advisors. The FSI Arbitration Task Force is made up of over 15 members from all over the country.
King practices in the area of commercial and complex litigation and has handled matters such as the defense of claims against broker/dealers and registered representatives in litigation stemming from what was one of the largest failures of an annuity company in the country, where the receiver alleged fraud and misrepresentation in the sale of collateralized mortgage obligations. He has defended broker/dealers in connection with alleged Ponzi schemes perpetrated by former registered representatives, handling both the litigation and regulatory issues and significantly reducing the companies’ exposure on both fronts. More recently, he has been defending against claims under ERISA in connection with the sale of a defined benefit pension plan alleged to be an abusive tax shelter, exposing the plaintiffs to substantial IRS penalties.
Prior to co-founding the firm in November 2009, King was a shareholder of one of Florida’s largest law firms where he played an integral role in the development of a nationally recognized practice in the area of securities and financial services counseling and litigation, including serving as practice group leader. He has tried numerous cases to award in arbitration, and has extensive experience handling investigations and defending enforcement actions brought by the SEC, FINRA, and state regulators.
For more information about the FSI Arbitration Task, please visit http://financialservicesinstitute.wordpress.com/2013/04/08/the-finra-arbitration-task-force-how-does-it-affect-advisors/