Doug Wallace Bolsters Arbitration Credentials, Is Approved As FINRA Arbitrator
Already approved by the American Arbitration Association to serve as a commercial arbitrator, former appeals court judge and Brannock & Humphries shareholder Doug Wallace has now been approved by the Financial Industry Regulatory Authority, known as “FINRA,” to arbitrate securities-related disputes.
FINRA is a not-for-profit organization authorized by the United States Congress to protect America’s investors by making sure the broker-dealer industry operates fairly and honestly. In 2017 alone, FINRA referred more than 850 fraud cases for prosecution, levied more than $131 million in fines and restitution, and supervised 3,712 broker-dealer firms. FINRA also operates the largest securities dispute resolution forum in the world. In the first ten months of 2018 alone, its arbitrators handled 3,628 cases.
Mr. Wallace, who spent fourteen years as an appellate judge on Florida’s Second District Court of Appeal, has successfully completed the training and trainer evaluation components of FINRA’s basic arbitrator program. He plans to put his experience as an appellate judge to use in the arbitration of disputes involving investors, brokers, and brokerage firms.