Pam Peterson, a New Jersey resident, is an affiliate of Bates Group, where she is able to use her decades of legal and compliance experience in the municipal securities industry for advice and expert testimony in arbitration or litigation. Ms. Peterson is extremely familiar with municipal securities underwriting and due diligence for new issues, as well as the rules and practices involved primary or secondary sale of municipal bonds, especially with regard to fair disclosure and fair pricing in such transactions.
Ms. Peterson joined the legal department of Merrill Lynch in the early 1990s; her initial assignments (as a paralegal) involved the use of then-new desktop database technology to assure compliance with various OFAC regulations. She attended law school (Seton Hall, J.D. summa cum laude, 1999) while working full-time at Merrill Lynch. She served as Junior Counsel to the Municipal Markets Division until December 2001. After a short stint as a Senior Counsel at the law firm of Greenberg Traurig handling underwriters’ counsel assignments, she became an Associate General Counsel at UBS (then UBS PaineWebber, now UBS Financial Services Inc.) in 2002. In April of 2015, she left the firm to start a solo law practice. She was in this position during the auction rate securities crisis of 2008, and during the recent expansion of MSRB rules and SEC regulatory focus on the municipal securities industry.
During the last fifteen years, Ms. Peterson has reviewed thousands of offering documents and acted as counsel to both municipal investment bankers and underwriters of competitively-bid municipal securities offerings. She has also advised on the operations of municipal trading desks, written or edited two municipal due diligence manuals, written a guide to municipal securities for retail investors, and created a training program for private client brokers about how to fully describe and disclose the features of municipal securities to purchasers. She has served as an in-house subject matter expert on municipal securities practice and assisted in numerous regulatory exams related to a dealer’s policies and procedures. She has drafted or edited numerous compliance policies and procedures related to municipal securities. She has also served as an in-house expert when resolving (or litigating to a conclusion) customer complaints involving municipal securities.
Ms. Peterson served as chairperson of the Municipal Legal Advisory Committee of the Securities Industry and Financial markets Association from 2005 to 2007. During that time, she spearheaded an initiative to create a standardized bond purchase agreement for issuers and underwriters, which presaged, in part, recent rules adopted by the SEC and MSRB to clarify the roles of each party in a negotiated public finance transaction. She has moderated or appeared on a number of industry panels or webinars, addressing issues such as the IRS’s rules for determining issue price, the obligations of issuers to comply with their continuing disclosure undertakings, and the need for fair and complete time-of-sale disclosure to retail purchasers of municipal securities.
Prior to entering the securities industry, Ms. Peterson spent 19 years working in the broadcast industry, initially as an electronics engineer. She has also produced, written, and directed numerous radio and television shows.
UBS Financial Services/UBS Securities LLC, Associate General Counsel - Senior Attorney/Past Chair of SIFMA Municipal Legal Advisory Committee, Nov. 2002 - Apr. 2015
Greenberg Traurig LLP, Senior Counsel, Jan. 2002 - Nov. 2002
Merrill Lynch Municipal Markets, Junior Counsel, 2000-2001, Law Clerk for Division General Counsel, 1995-2000, Paralegal, 1992-1995
Seton Hall University School of Law, J.D. summa cum laude
Cornell University, B.A.
Securities Industry & Fixed Markets Association (SIFMA), Former Member and Past Chair of Municipal Legal Advisory Committee
Panelist, Regulatory Requirements and Technology Bond Buyer Webinar, June 2014. Panel discussed MSRB Rule changes re time-of-trade disclosure and suitability
Moderator, SIFMA Fixed Income Legal & Compliance Conference, Municipal Regulatory Panel discussion, 2007
Regional Broker-Dealers Association, Continuing Disclosure discussion, 2008, Panel Member
Admitted to the Bar in New York and New Jersey
American Bar Association, Current Member
New York Bar Association, Current Member
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