Ross is an experienced securities attorney and founding partner of Carmel, Milazzo & DiChiara. Ross has significant experience representing public and private companies, start-ups, brokers, broker-dealers, and investors in all aspects of securities and commercial litigation, arbitration and mediation. Ross regularly appears before state and federal courts, arbitration tribunals, and regulatory agencies, including the Securities and Exchange Commission (“SEC”), the Financial Industry Regulatory Authority (“FINRA”) and the American Arbitration Association (“AAA”).
Ross has extensive experience arbitrating customer and industry disputes before FINRA where he handled hundreds of cases throughout the United States. Ross tried numerous cases to verdict where he successfully defended customer complaints and prosecuted claims, including a recent decision, which awarded over $10 million dollars in damages.
Ross regularly assists and advises brokers and broker-dealers in all aspects of broker-dealer compliance, including both SEC and FINRA rules and regulations, helping them navigate through the ever evolving regulatory landscape.
In addition, Ross represents public and private companies, start-ups, investment banks and investors in all aspects of corporate transactions, including corporate finance, mergers and acquisitions, private equity financing transactions, registered direct transactions, public offerings and other securities offerings.
Ross also advises entrepreneurs and start-ups from entity formation, to funding, to exit, acting as outside general counsel to many small and medium sized businesses.
Ross is a pragmatist, believing in cost-effective and practical solutions for his clients.
|· AAA Case No: 01-17-0001-3167||Represented nine clients in an AAA Arbitration which awarded over $10 million dollars in damages, including $6 million in punitive damages. The underlying case involved nine former employees, who were also investors in their employer. The employees alleged that the employer and its principals were engaged in an employment-investment Ponzi scheme. The Arbitrator found the corporations, as well as their officers liable for fraud.|
|· AAA Case No: 01-16-0005-6312||Represented Four Investor Employees who were awarded over $2.7 million in damages, including punitive damages and an affirmative finding of fraud against the company and its officers.|
|· FINRA Case No: 14-02823||Represented Claimant who was awarded $1,527,728.91 plus interest at the rate of 9% per annum in damages.|
|· FINRA Case No: 09-07148||Represented Claimant who was awarded $272,501.71, plus interest and attorneys’ fees.|
|· FINRA Case No: 12-03062||Represented two Respondents, and successfully received decision which denied Claimant’s claims in their entirety. In addition, the allegations were successfully expunged from clients’ FINRA CRD and BrokerCheck.|
Ross Carmel has been named a Super Lawyer Rising Star by Thomson Reuters for 2017, 2018 and 2019.
- InvestmentNews.com – The DOL fiduciary rule’s effect on small broker-dealers – May 2016
- WealthManagement.com – Crowdfunding is a Crowd Failure – July 2016
New York (2009)
U.S. District Court for the Southern District of New York (2014)