Securities Attorney Bob Banks

Securities attorney Bob Banks has been practicing law for 36 years, and is a nationally recognized leader in investor rights law. His cases have been featured in The New York Times, Wall Street Journal, Investment News, Business Journal, The Oregonian, and a host of other publications. In addition to litigating securities claims he is an adjunct professor at Cornell Law School in New York and a past adjunct professor at Lewis and Clark Law School in Oregon.

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.


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 Forc

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,” (May 2013)
  • 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.

Community Service

  • Middle School Mock Trial Instructor
  • Youth Baseball Coach (2001-2009)


Grew up in New York and New Jersey, and based in Oregon for 30+ years; married 24 years to Valerie Banks; two sons; former marathon runner (2:46 PR), and current runner and fly fisherman.

Bar Memberships

Practiced under pro hac vice rules with local counsel in other states including Minnesota, Idaho, California, New York and Florida.

  • Reed College - B.A. - 1977
  • University of Wisconsin Law School - J.D. - 1982

Client Reviews

I had no clue where to turn for help. Banks was tough but polite. I give the man my total respect and unlimited endorsement. To me, he achieved the impossible.


Thank you for all you did to represent us. For me you represent all that is good in the Law profession. You were honest, fair, hard working, and ethical. What more can you ask? Once again thank you for all you did.


Hope you have had a great year and we wish you and yours the best in the Holiday season. We fondly and gratefully remember all the efforts you made on behalf of N*** and I. Without a doubt our lives have been changed forever by meeting you.

A Banks Law Client, 8 years later

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