Peter R. Pendergast is a securities litigator focused on complex business, regulatory and securities matters. He specializes in securities arbitration, broker-dealer regulation, investments, and investigations and enforcement actions by the SEC, FINRA, and state securities regulators.
Peter began his legal career litigating complicated business and securities matters at two national law firms before joining Kidder Peabody & Co. Incorporated. At Kidder, he successfully represented the firm and its brokers in more than thirty-five securities arbitrations, as well as regulatory investigations and enforcement matters. Many of the arbitration cases were successfully settled, with only one lost after a hearing.
Although most of Peter’s securities arbitrations included allegations of brokers’ making unsuitable investment recommendations and related claims, in 2012, he represented former Kidder advisors in a contractual dispute involving compensation connected with a multi-billion dollar derivative transaction in the United States and Asia. After three weeks of hearings, Peter’s clients were awarded $24 million, the largest arbitration award in Massachusetts that year.
Peter also has substantial experience with and understanding of municipal bonds. He served as Kidder’s Public Finance Investment Banker for New England and later represented the Massachusetts Turnpike Authority in the SEC municipal securities enforcement action, after which, he became Authority Disclosure Counsel with respect to municipal bonds issued.
In another securities enforcement defense matter, Peter successful represented a biotechnology hedge fund manager against claims of insider trading brought by the Massachusetts Securities Division, and prosecuted a related federal court action against the Secretary of the Commonwealth challenging his refusal to release the Massachusetts registration of an SEC-registered investment adviser.
At Bank of America Securities, as a Series 7 registered representative, Peter advised investment banking clients on restricted securities, derivative liquidity strategies, and investment management consulting.
- Duke University Law School, J.D.
- University of Pennsylvania, B.A., summa cum laude
- Massachusetts Bar Association
- Georgia Bar Association
Peter R. Pendergast
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