Over
forty years of progressive administrative, compliance, options, trading and
sales supervisory, and operational related experience in both the public and
private sectors, and qualified in the US as a General Securities Principal,
Registered Options and Security Futures Principal, Municipal Securities
Principal, General Securities Sales Supervisor, Branch Office Manager, Registered
Representative, and previously in the UK as an FSA Manager, and General
Representative. Associated with the
Securities Industry and Financial Markets Association Membership, and formally
the Self-Regulation and Supervisory Practices Committees, and is a member of
their Compliance and Legal Division, as well as an active arbitrator for the Financial
Industry Regulatory Authority, and a former member of the Emerging Markets
Traders Association. This extensive background
allows him to gage the pulse of the financial service's market environment.
Kapco Group Inc
President
December
1998 to Present
Independent
advisor to the financial services industry, providing compliance,
administrative, operational, trade support, supervisory, and general management
advice to local, national, and international financial organizations.
MAJOR
CLIENT ASSIGNMENTS
Ongoing Assignments
Investment and Financial Planning Broker
Chief Compliance Officer
July
2014 to Present
The firm provides a full range of services in the areas of investments and financial counseling to the retail community. Oversee general compliance issues and monitoring, and regulatory interaction.
Domestic
Underwriting Broker
Chief Compliance Officer
July
2006 to Present
The company is an affiliate of a major
participant in the shipping industry which combines shipping and energy
expertise to provide a broad range of advisory services to industry
participants and the investment community.
Clients benefit from its worldwide network of contacts in shipping and
finance as well as access to resources, deep experience and relationships of
its parent company. The firm works closely with leading investment banks and
provides introductions, manages relationships, advises on bank selection and
structure, and guides management step-by-step through the process of accessing
public and private markets. In addition,
investment banks and private equity firms rely on the broker dealer for its
wide-reaching access to the shipping community.
Services include: Public Offerings Advisory and Underwriting; Private
Placements and; Mergers & Acquisitions.
Duties include compliance monitoring, supervisory oversight, and
regulatory interaction.
Concluded Assignments
Large Retirement Plan Administrator
Interim Chief Compliance Officer
July 2015 to January 2016
This organization provides clients with retirement plan solutions that combine a flexible and unbiased investment platform, scalable administrative and plan administrative services, and support.
Oversee general compliance functions as the organization identifies a successor.
Full Service Broker
Municipal Principal
February 2013 to March 2015
The firm conducts a general brokerage business with domestic customers and investment banking activities. Oversee the firms emerging municipal broker business.
Regional Full Service Broker
Principal
March 2008 to January 2016
The firm is
affiliated with other institutions in the financial services business, and has
referral or financial arrangements with other broker dealers. They conduct a general brokerage business
both domestically and with international clients, and provide a variety of
products and services.
Oil and Gas Wholesaler
Principal/Chief
Compliance Officer
June 2011 to March 2012
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The firm participates
in the securities business by selling oil and gas interests through other
broker dealers, as well as tax shelters and limited partnerships in primary
distributions, and is involved in the private placement of securities. Duties include compliance monitoring,
supervisory oversight, and regulatory interaction.
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Full Service Retail Broker
Options
Principal
June 2011 to September 2011
They conduct
a general securities business with individual clients. Served
as Senior Options Principal with overall responsibility for the firm's options
business, which included sales and administrative duties.
Investment Boutique
Chief
Compliance Officer
October 2010 to March 2011
The
firm is a boutique investment bank and institutional broker-dealer focused on
providing independent financial advice and unique capital markets expertise to
corporate and institutional clients in capital intensive industries and
focusing on raising capital efficiently for its clients, and is a leader in
At-the-Market issuance (ATM). Duties
include General compliance oversight.
Domestic Broker Affiliate of Foreign
Company
General
Securities Principal
April 2008 to August 2008
This broker
dealer is a subsidiary of an international financial institution located in
Latin America. The company provides clients
the ability to participate in the US marketplace. Duties
included general management and supervision of sales and marketing on an
interim basis.
Foreign Bank Affiliated Broker
Senior
Registered Options Principal
August 2007 to November 2007
This broker
dealer is a subsidiary of a major international financial institution located
in Latin America and provides clients the ability to
participate in the US marketplace. Duties included supervision of sales
and marketing of Options products on an interim basis.
Domestic Affiliate of
European Bank
Chief
Compliance Officer
February 2006 to October 2007
This
broker dealer subsidiary of a major international European bank provides clients
the ability to originate and structure public offerings of equity,
equity-linked and debt securities through underwritings on a firm commitment
and best efforts basis; to originate, structure, and distribute private
placements of equity, equity-linked and debt securities including transactions
marketed via Rule 144a, Regulation S or as traditional private placements; and provide
financial advisory services including mergers and acquisitions and financial
restructuring services. Duties include
compliance monitoring and supervisory oversight.
Venture Capital
Agent
June 2005 to March 2006
Acted as purchasing agent for five New
York Stock Exchange Memberships on behalf of a group of individuals that were
bearish about the positive impact the ARCA merger would have on the value of a
membership.
Domestic Broker
President
April 2005 to April 2006
The Company engaged in the development
and distribution of proprietary trading systems to be utilized by institutional
and other professional investors.
Large US Bank Affiliated
Broker
Chief
Compliance Officer
November 2004 to April 2006
Served
as Chief Compliance Officer to the brokerage subsidiary of a major US bank and
registered transfer agent. Clients
included individual, institutional and transfer agent employees. Major duties included management of
compliance department personnel, compliance oversight of the creation of sales
and marketing material, supervision of trade surveillance process, and
operational liaison. Served as primary regulatory interface as
Executive Representative with the NASD (now known as FINRA).
High Visibility Broker
and Advisor
Vice
President
November 1998 to February 2004
Served
as Principal Executive Officer to this subsidiary of a major European based
international financial organization dealing with private placement of funds to
high net worth clients, domestically and internationally. Duties included supervision of sales,
marketing, research, and compliance areas, as well as primary regulatory
interface (Executive Representative).
Secondary responsibilities included Investment Advisor and National
Futures Association interface.
US Affiliate of Large
Eastern European Broker
Executive
Vice President
November 1996 to March 1999
Charged with Chief Administrative
Officer responsibility for the general management of this US arm of one of the
premier Russian based brokerage organizations.
Responsibilities included the day to day supervision of nine registered
sales and trading individuals. Oversaw
and approved new accounts as well as client interrelationships. Supervisory responsibility included Derivative
Products (Options), sales and trading activities, compliance with the proper
distribution of new issues, research, and outgoing correspondence. Daily and monthly
supervisory, management and compliance responsibilities over customer and firm
activities. General oversight of
the operational interface with US Clearing firm and overseas affiliated
companies. Primary
regulatory interface as Executive Representative with the NASD (now known as
FINRA).
Distressed Securities Broker
Vice
President
February 1997 to October 1997
Served as Senior Registered Options
Principal of a major player involved in the marketing of distressed securities.
Charged with the overall responsibility for the firm's
options business, which included sales, administrative, and operational duties. Involved in marketing when
option products (both listed and over-the-counter) were utilized as part of the
overall strategy. Also handled
all aspects of compliance for equities (market making) and fixed income
products, and acted as the secondary regulatory interface.
Premier Market Maker
Vice
President
April 1996 to May 1996
Served
as Compliance Officer and participated on compliance related project involving
the Market Making division.
Large Consulting Firm
Independent
Contractor/Senior Consultant
January 1996 to January 2004
Provided both specialized and general
consulting services to the International and Domestic Financial Services
Industry. Clients included a variety of Broker/Dealers,
Banks, Dealer Banks, Investment Advisors, Hedge Funds, and other providers of Financial
Services, and the Financial Services Industry.
Specialized in start up companies with both Domestic and International
products, providing advice with respect to sales and trading, regulatory
management, and registrations, accounting and bookkeeping, payroll and tax
reporting, blue sky matters, compliance issues, and legal, audit and regulatory
interface. Also provided management, and compliance consulting, including the
preparation of customized policy and procedure manuals, for compliance,
supervision (front and middle office), as well as operations. This included working with in-house or
outside counsel to ensure each unique business facet was addressed and that
risk management was not neglected.
PART
TWO: SECURITIES INDUSTRY EMPLOYMENT AND
SUPERVISORY EXPERIENCE
Affiliated Broker of
Large Latin American Bank
Vice
President, Secretary, and Director
May
1990 to January 1996
Initially
functioned as the Branch Manager and a Principal in the New York Sales office location
of a Houston based Broker Dealer, which was an affiliate of the third largest
Mexican financial group. Charged with management of the overall sales, marketing and the trading
efforts, of the firm's only sales office. Assisted in the relocation of the firms back
office functions to New York, and the closing of the Houston facility. Maintained general supervisory duties coupled
with that of compliance officer, and performed the functions of Registered
Options Principal and Municipal Securities Principal. Was an integral member of a team responsible
for the financial growth of the organization to 100 million dollars within five
years of its inception.
Corporate Finance Broker
Senior
VP and Chief Operating Officer
September 1989 to February 1990
Responsible
for day to day management of this corporate finance consulting, underwriting
and market making Broker Dealer with primary responsibility for the orderly
dissolution and liquidation of the firm including distribution of assets to the
partners.
Futures Commission
Merchant
President
June 1988 to May 1993
Oversaw
all functions and reported to the Board of Directors
Largest Broker Servicing
Independent Brokers
First
VP, Associate Compliance Director
May 1987 to September 1989
Compliance
Registered Options Principal
Supervised
firm option business, approved new accounts, advertising and marketing
programs. Supervised various
Investment Advisory firms, financial consultants, branch audit department,
fixed income and municipal bond sales, and the surveillance function.
Largest US Bank
Vice
President, Director
January
1984 to May 1987
Principal
Executive Officer
Employed by one of the world's largest
financial conglomerates as Vice President and Principal Executive Officer of
its retail brokerage subsidiary. Reported directly to the
Board of Directors. Along with
two other principals, helped to create and develop this entity, which when
merged with a sister company's ongoing discount consumer brokerage service saw
it's capital position grow to well in excess of 8 million dollars.
Subsequently
took over all of the general administrative duties of the subsidiary. Responsibilities included the oversight of
administrative, compliance, sales/marketing/advertising and trading activities
as well as interface with the legal department.
This included regulatory overview and interaction, with all operating
divisions, and subsidiaries, and acting as liaison with security industry
regulators. Also included were
restricted securities sales (Rule 144), and enhancement of product services.
Full Service Broker
Vice
President, Secretary
May
1983 to January 1984
Branch
Office Manager
Managed
the main office sales branch and reported directly to the president. Supervised
sales and support staff, and was responsible for the day-to-day operations of
the sales related activity of the New York operation.
Largest NYSE Specialist
Assistant
Director of Compliance
MSRB
Principal
January 1983 to May 1983
Responsible
for managing the day-to-day functionality of the compliance department, and assisted
in the supervision of the firm's municipal securities business.
First Publically Traded
Broker
Assistant
Director of Compliance
July
1980 to January 1983
Responsibilities
included surveillance of the firm's equities, fixed income, options business,
and compliance related financial reporting for an Investment Advisor affiliate.
Premier Full Service
Broker
NY
Retail Compliance Manger
March 1976 to July 1980
Assisted
senior management with the compliance related functions of the New York branch
that consisted of five separate boardrooms.
Large Retail Broker
(Wirehouse)
Branch
Examiner
September 1975 to March 1976
Conducted routine branch inspections.
New York Stock Exchange
Largest Stock Exchange
Regulation
and Surveillance
February 1966 to March 1974
Performed various functions that included
registration of individuals, review of corporate documentation, and assisting
in membership purchases and sales.
Part Three: Education
IONA College
Bachelor
of Science Degree
Part Four: Securities
Industry License Qualifications
Domestic
| General Securities Principal |
(GP) S24 |
| Registered Options and Security Futures Principal |
(OP) S4 |
| Municipal Securities Principal |
(MP) S53 |
| General Securities Sales Supervisor |
(SU) S9 & 10 |
| Branch Office Manager |
(BM) S9 & 10 |
| General Securities Representative Full Registration |
(GS) S7 |
| Investment Banking Representative |
(IB) S79 |
| Interest Rate Option Representative |
(IO) S5 |
| Currency Rate Option Representative |
(FC) S15 |
| Operations Professional |
(OS) S 99 |
| Uniform Securities Agent State Law Exam |
(AG) S63 |
International/UK
| FSA |
|
| (Formally) |
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| Manager and General Representative |
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Part Five: Personal
Affiliations
Securities
Industry and Financial Markets Association
Member Compliance and Legal division
Formerly:
A member of the Self-Regulation and
Supervisory Practices Committee
Member of the Membership Committee
Arbitrator,
FINRA Arbitration Program
Serve as Chairperson
Serve as panel member
Formerly
a member of the National Society of Compliance Professionals
Formerly
a member of the Emerging Markets Traders Association
Part Six:
Personal Affiliations
Participate as an Essay Judge for the Foundation for Investor Education
and the Securities Industry and Financial Markets Association.
Notary
Public