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Ross Carmel

Ross Carmel CMD LLP attorney

Biography 

Ross is an experienced securities attorney and founding partner of Carmel, Milazzo & Feil. Ross has extensive experience representing 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 offerings, public offerings and other securities offerings.

Ross regularly 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 also 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 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 is a pragmatist, believing in cost-effective and practical solutions for his clients. 

Notable Cases

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 clients in an AAA Arbitration which awarded over $2.7 million dollars in damages. The underlying case involved four 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, and sought damages for, amongst other things, wages due and fraud.

FINRA Case No: 14-0282
Represented Claimant who was awarded $1,527,728.91 plus interest at the rate of 9% per annum in damages.

FINRA Case No: 12-03062
Represented Respondent and successfully received decision denying Claimants’ claims in their entirety.

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.

Awards

Ross Carmel has been named a Super Lawyer Rising Star by Thomson Reuters for 2017, 2018, 2019, 2020 and 2021.

Publications

  • InvestmentNews.com – The DOL fiduciary rule’s effect on small broker-dealers – May 2016
  • WealthManagement.com – Crowdfunding is a Crowd Failure – July 2016

Education

University at Buffalo (B.A. 2004)

Touro Law (J.D. 2008)

Admissions

New York (2009)
U.S. District Court for the Southern District of New York (2014)