Along with Mr. Ambrose’s role with Merrill Lynch, he functions as a FINRA (Financial Industry Regulatory Authority) arbitrator. These individuals serve members of the securities industry and the investing public, and are charged with hearing disputes, examining evidence, and then rendering a decision that is binding.
Becoming an arbitrator offers a multitude of benefits. Some of these include the development of valuable skills that can be applied in other settings and building a network by encountering other professionals. Each case also results in the earning of a modest honorarium.
According to FINRA, public arbitrators can come from a number of different professional backgrounds, not just the financial markets. The professions include medicine, law, teaching, business, and accounting. Those in the private arbitrator classification must have experience with securities.