Who We Are

For more than 30 years Robert Banks has fought on behalf or investors nationwide in FINRA arbitration and in court to help investors recover financial losses due to the abuse, negligence, and outright fraud of other professionals. He will evaluate your situation by speaking with you in confidence about the specifics of your situation and looking over important documents that will help him evaluate your potential for financial recovery. This evaluation is complimentary and even if he can’t help you, you will understand your options and your situation more clearly. Most cases are taken on contingent fee meaning that we don’t get paid unless we recover your money.

Banks-Bob-FULL

Robert Banks

Bob is a nationally recognized leader in investor rights law. His cases have been featured in The New York Times, The Wall Street Journal, Investment News, The Business Journal, The Oregonian, and a host of other publications. He is also an adjunct professor at Lewis and Clark Law School.

Bob serves a broad array of individuals, organizations and groups who have been victims of negligent advice and fraudulent conduct by brokers, accountants, and other lawyers. His cases involve the violation of securities regulations, Ponzi scheme clawback litigation, and legal malpractice cases involving corporate or securities law issues. He serves on FINRA’s National Arbitration and Mediation Committee, representing investor interests, and has chaired its Rules and Procedures subcommittee, which writes the rules governing FINRA arbitration. He is a past president and current member of the Board of Directors of the Public Investors Arbitration Bar Association, and is one of only a handful of board members ever honored with Director Emeritus status.

Honors

•Selected for inclusion in Oregon Super Lawyers – every year that it has existed in Oregon.
•Recipient, President’s Award, Public Investors Arbitration Bar Association (PIABA) “For Leadership Efforts In Protecting Investors Throughout the Country”
•Recipient, Distinguished Service Award, Federal Bar Association, Oregon Chapter
•Included in Chambers Best Lawyers In America
•Recipient, Highest Rating, Martindale Hubbell Law Directory– 25 consecutive years
•Selected for membership in Multi-Million Dollar Advocates Forum

Past Bar Leadership Positions
•President and 9 year board member, Public Investors Arbitration Bar Association
•Chair, Oregon State Bar Securities Regulation Section
•Chair, Oregon State Bar Alternative Dispute Resolution Section
•President, Federal Bar Association, Oregon Chapter
•Chair, FINRA Arbitrator Training Task Force
•Member, Board of Directors, American Constitution Society, Oregon Chapter
•Member, American Constitution Society National Federal Judicial Selection Committee
•Chair, Rules and Procedures Subcommittee for FINRA’s NAMC
•Chair, FINRA Discovery Task Force

Selected Publications
•PIABA Bar Journal Vol. 21, No. 3 2014, “Muzzling the Claimant: Due Process Denied in FINRA Expungement Hearing”
•Practicing Law Institute, 1 Securities Arbitration 2006 at 225, “The NASD’s Explained Awards Rule Filing”
•Practicing Law Institute, 1 Securities Arbitration 2003 at 253, “Clearing Firms and the 2002 Uniform Securities Act: What You Didn’t Know Could Have Hurt You”
•Practicing Law Institute, Securities Arbitration 2001 at 565, “Clearing Firms, The Uniform Securities Act, and Koruga v. Fiserv Correspondent Services, Inc.”
•Practicing Law Institute, Securities Arbitration 2000 at 995,”Investor Protection-Not! SIPC and The Securities Investor Protection Act of 1970″
•Practicing Law Institute, Securities Arbitration 2008″ A Comment On the Financial Industry Regulatory Authority’s Proposed Rules On Motions To Dismiss”

Notable Speaking Engagements
•Division of Finance and Corporate Securities, “FINRA Arbitration 101 for Regulators” (August 2015)
•Oregon State Bar 35th Annual Northwest Securities Institute, “Ethics Issues for Securities Lawyers” (April 2015)
•Oregon State Bar Securities Regulation Section Meeting, “What Every Securities Lawyer Should Know About Arbitration, Forum Selection, and Choice of Law Provisions” (January 2014)
•North American Securities Administrators Association (NASAA), Washington D.C.,  “Remedies and Recompense: An Examination of Securities Arbitration and Class Action” (October 7, 2013)
•33rd Annual Northwest Securities Institute seminar, “Recent Developments at FINRA,” ( May2013)
•Oregon Trial Lawyers Association Business Litigation Section Meeting, “Securities Arbitration Cases”, February, 2011
•Northwestern School of Law at Lewis & Clark College- Advanced Business Law Seminar,“Brokerage Firm Liability” ( January, 2011)
•Northwest Securities Institute CLE, “Investment Portfolio and Brokerage Statement Danger Signals
•Public Investors Arbitration Bar Association Annual Meeting, Jacksonville, Florida, “Selected Developments in Broker-Dealer Arbitration” (October 2010)
•Northwest Securities Institute Portland, Oregon,“Recent Developments in Securities Arbitration and Broker Dealer Regulation” (February, 2009)
•NASAA (North American Securities Administrators Association) Enforcement Conference,“Trends in Broker-Dealer and Investment Advisor Fraud From The Investor Attorney Perspective” (October, 2009)

Reported Court Decisions
•Amerivest v. Maloof, Oregon Court of Appeals,No. A144457 (Pending)(Representing North American Securities Administrators Association as Amicus Curiae)
•Boyer v. Salomon Smith Barney, Inc. 344 Ore. 583 (2008) Representing Public Investors Arbitration Bar Association as Amicus Curiae)
•Houston v. Seward & Kissel, LLP, 2008 U.S. Dist. LEXIS 23914 (March 27, 2008) Marshall, et al. v. McCown DeLeeuw, 391 F. Supp. 2d 880 (D. Idaho 2005)
•Estate of Aguirre v. Koruga (I) 2002 U.S. App. LEXIS 14632 (9th Cir. 2002)
•Koruga v. Fiserv Correspondent Services, Inc.,183 F. Supp.2d 1245 (D.Or. 2001), 2002 U.S. App.LEXIS 6439 (9th Cir. 2002)

Prior Clients
Banks serves a broad array of individuals, organizations and groups, including physicians, teachers, gas pipeline workers, attorneys, judges, investment advisors, accountants, NBA basket-ball players, a former US Congressman, FINRA (opposing broker expungement), North American Securities Administrators Association and Public Investors Arbitration Bar Association (as amicicuriae), retirees, and many others who have been
victims of negligent investment advice and fraudulent conduct.
Educational Background
Reed College, B.A. 1977
University of Wisconsin Law School, J.D. 1982
Bar Memberships
Oregon, Massachusetts, Wisconsin, Washington. Practiced under pro hac vice rules with local counsel in other states including Minnesota, Idaho, California, New York and Florida.
Community Service
Middle School Mock Trial Instructor
Youth Baseball Coach (2001-2009)
Personal
Grew up in New York and New Jersey, and based in Oregon for 30+ years; married 21 years to Valerie Banks; two sons; former marathon runner (2:46 PR), and current runner and fly fisherman.


 

 

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