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Pamela W. Peterson

Pamela W. Peterson

Pamela “Pam” Peterson is a Bates Group Consulting and Testifying Expert who 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.

Pamela is a consultant and subject matter expert in these Practice Areas and Services:

Credentials

EXPERIENCE

Bates Group LLC, Consulting and Testifying Expert, 2015 - Present
Pamela W. Peterson, Esq., 2015 - Present
UBS Financial Services/UBS Securities LLC, Associate General Counsel, Senior Attorney, Chairperson of SIFMA Municipal Legal Advisory Committee, 2002-2015   
Greenberg Traurig LLP., Senior Counsel, 2002    
Merrill Lynch Municipal Markets, 1995-2001; Junior Counsel, 2000 – 2001; Law Clerk for Division General Counsel, 1995 - 2000
ABC Radio Network, Broadcast Engineer; CBS Television Network, Technical Manager; WMHT-TV, Video Director, and Producer; WABC-TV, Technical Director; 1972 - 1992

EDUCATION

Juris Doctor (JD), summa cum laude, Seton Hall University School of Law, Newark, NJ        
Bachelor of Arts (BA), English, Cornell University, Ithaca, NY

PROFESSIONAL QUALIFICATIONS/LICENSING

Admitted to the bar in New Jersey

PUBLICATIONS AND AWARDS

  • ABA Securities Law Blog, 1st Quarter 2016   Fair Pricing for Municipal Bonds, parts 1 and 2
  • Blue Sky Bugle article, 2006:  Secondary Market Sales of Municipal Bonds: Can I Sell This Muni Bond to A Guy in Iowa?
  • Broadcast Management/Engineering, Contributor
  • Radio World and TV Technology, Columnist
  • Journal of the Audio Engineering Society, Contributor
  • West Publishing Award, for Outstanding Scholastic Achievement  
  • Most Significant Student Contribution to Clinical Programs Award, Asylum case for an Algerian refugee

AFFILIATIONS AND INDUSTRY PARTICIPATION

  • Securities Industry & Fixed Markets Association (SIFMA), Former Member and Past Chair of Municipal Legal Advisory Committee
  • SIFMA Fixed Income Legal & Compliance Conference, Municipal Regulatory Panel discussion, 2007, Moderator
  • Regional Broker-Dealers Association, Issuer continuing disclosure problems discussion, 2008, Panel Member
  • American Bar Association, Current Member  

Contact Bates Group

Bates Group is with you every step of the way. Contact us today for more information on how our End-to-End Solutions can help your firm.