2018 finra annual conference speaker biographies · gabriela aguero is director in finra’s...

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2018 FINRA Annual Conference Speaker Biographies Gabriela Aguero is Director in FINRA’s Corporate Financing Department. In her role, she oversees the Public Offering Review (POR) program. The POR group is responsible for the review of a wide array of filings and the interpretation and application of FINRA’s rules that regulate underwriting activities and conflicts of interests in public offerings. Ms. Aguero began her career at FINRA when she joined NASD in 2000. She has an MBA from the John’s Hopkins Carey Business School in addition to an undergraduate degree in Finance as well as designation as a FINRA Certified Regulatory and Compliance Professional™ (CRCP™) Program at Wharton. Patricia Albrecht is a senior director with FINRA’s Member Relations and Education Department and manages the FINRA Institute at Georgetown Certified Regulatory and Compliance Professional (CRCP)® program and FINRA’s Half-Day Compliance Boot Camp program. Previously, she was an associate general counsel in FINRA’s Office of General Counsel, and served in the same role at NASD before its 2007 consolidation with NYSE Member Regulation, which resulted in the formation of FINRA. She also has worked at the U.S. Securities and Exchange Commission in various offices and departments, including the Office of General Counsel and the Division of Trading and Markets, and serving as a counselor to Commissioner Norman Johnson. In addition, Ms. Albrecht worked for several years as a staff attorney at the U.S. Federal Fifth Circuit Court of Appeals and completed a federal judicial clerkship with U.S. District Court Judge Harry Lee Hudspeth. Katie Andrews manages the Market Operations team in FINRA’s Transparency Services department. Transparency Services operates the facilities for collecting and disseminating U.S. over-the-counter (OTC) quote and trade information. It oversees FINRA's OTC trade reporting and dissemination facilities—TRACE®, ADF®, TRFs and ORF—which provide the foundation for the regulatory audit trail and provides investors with timely quote and trade information on equity and debt securities, ensuring market integrity and investor protection. Prior to joining FINRA, Ms. Andrews served as Compliance Manager with Ceros Financial Services, Inc., Manager of Broker/Dealer Operations with JP Morgan Worldwide Securities Services and Client Services Manager with Rydex Investments. James Angel is an associate professor of finance at the McDonough School of Business at Georgetown University who specializes in financial market structure. His interests include fintech, cryptocurrencies, and payments. He has visited more than 70 stock and commodities exchanges around the world in his quest to learn the details of how markets really operate. Professor Angel has served as a Visiting Academic Fellow in residence at the National Association of Securities Dealers (NASD – now FINRA) and also as a visiting economist at the Shanghai Stock Exchange. He served as chairman of the Nasdaq Economic Advisory Board and later on the board of directors of the Direct Edge stock exchanges prior to their acquisition by BATS Global Markets. He is now the Academic Director of the FINRA CRCP® program. Professor Angel is a co-inventor on 12 fintech patents. He has testified six times before Congress about issues relating to the design of financial markets. In addition, he has been quoted in thousands of media articles and has appeared numerous times on radio and television. He began his professional career as a rate engineer at Pacific Gas and Electric, where he worked on FERC and CPUC related issues in electricity regulation. After earning his MBA at Harvard, he worked at BARRA (later part of Morgan Stanley) where he developed transactions cost prediction and equity risk models used in portfolio management. Professor Angel earned his B.S. from the California Institute of Technology, his MBA from Harvard Business School, and his Ph.D. from the University of California at Berkeley. He has been a professor at Georgetown University since 1991. From 2012 to 2014 he was a visiting associate professor at the Wharton School of the University of Pennsylvania. The courses he has taught include Capital Markets, World Equity Markets, Investments, as well as Complex Financial Instruments and Derivatives. Alma Angotti is Managing Director and Co-Head of the Global Investigations & Compliance practice. With more than 25 years of regulatory practice, Ms. Angotti has held senior enforcement positions at the SEC, Treasury’s Financial Crimes Enforcement Network (FinCEN) and FINRA (Financial Industry Regulatory Authority). In these


positions, she was responsible for conducting investigations involving securities fraud, insider trading, financial fraud, anti-money laundering (“AML”) and counter terrorist financing, market manipulation, investor and market protection, and other regulatory violations. At FinCEN and FINRA, she designed and led the AML enforcement programs. She regularly worked with criminal prosecutors in a variety of jurisdictions and the U.S. Department of Justice to investigate and bring actions jointly. Ms. Angotti has counselled her clients, large global financial institutions, multinational companies, smaller financial institutions, broker-dealers, money services business and other types of Fintech companies, in a variety of projects, including gap analyses, compliance program reviews, risk assessments, remediation efforts, investigations and transaction reviews. Recently, she held interim senior compliance leadership positions at several global financial institutions providing day-to-day management of their compliance programs and assisting them with implementing enhancements to comply with a regulatory or criminal enforcement action. She has trained and advised the financial services industry as well as other regulators and government officials worldwide on AML, sanctions, terrorist financing and other regulatory compliance issues. Her professional associations include; District of Columbia Bar Association, American Bar Association, American Bankers Association, and Securities Industry and Financial Markets Association (SIFMA). Ms. Angotti has earned a Bachelor of Arts, Economics and Political Science from West Virginia University and a Juris Doctor from the University of Virginia School of Law. Norm Ashkenas is Senior Vice President and Chief Compliance Officer for Fidelity Brokerage Services, running the Broker/Dealer, Investment Advisor, Trust and Insurance compliance for Fidelity Investments’ retail, wealth management and retirement business. He has been with Fidelity since 2003 in various compliance leadership roles, covering B/D, IA, Insurance, ERISA/Tax and TA issues. He has also been CCO for Fidelity Distributors Corporation and Fidelity Personal Trust. Mr. Ashkenas was SVP for Regulatory & Compliance Examinations with Prudential Securities Inc., and VP/Associate General Counsel for 10 years, and was a litigation attorney with Chemical Bank. He Chairs the FINRA National Adjudicatory Council, has served on the FINRA Membership, District 11 and Regulatory Advisory Committees, and serves on the Board of Directors for the National Society of Compliance Professionals. Mr. Ashkenas has spoken frequently at industry conferences including the FINRA Annual Conference, SIFMA C&L Division Annual & Regional Seminars and NSCP National & Regional Seminars. He earned a BA from Northwestern University and a JD from Fordham Law School, and holds Series 7, 14, 24 & 63. Derek Ashworth is Associate Director in FINRA’s Advertising Regulation Department. The department protects investors by ensuring broker-dealer members of FINRA use communications that are fair, balanced and not misleading. Mr. Ashworth’s primary responsibility is managing staff members dedicated to the routine review of member firm communications. Mr. Ashworth also participates in the Department’s outreach efforts including serving as a panelist in prior FINRA conferences and presenting during selected FINRA Compliance Boot Camps. He has been with the Advertising Regulation Department for 18 years. Prior to joining FINRA, Mr. Ashworth was a program manager for a business and education partnership at Nova Southeastern University in Fort Lauderdale, FL. Previous to this role, he was a specialty banker and registered representative with First Union in West Palm Beach, FL. Mr. Ashworth received his bachelor’s degree from Stetson University and completed his M.B.A. at Johns Hopkins University. Marcia E. Asquith, Executive Vice President, Board and External Relations, oversees FINRA’s Offices of the Corporate Secretary, Investor Education, Member Relations, Government Affairs and Corporate Communications. Ms. Asquith's tenure at FINRA began in 2001 when she was hired as the Director of Government Relations. In 2004 she was promoted to Vice President of Government Relations and, in 2007 she was named Deputy Corporate Secretary. In her Government Relations role, Ms. Asquith created the congressional investor forums that FINRA continues to host across the country. She was also instrumental in obtaining the legislation FINRA needed to put data on the web that enables BrokerCheck, FINRA’s free tool that helps investors research the backgrounds of brokers and firms. In 2017, Ms. Asquith was promoted to her current role, where she oversees the group that serves as the liaison between FINRA and its Board of Governors. She also leads FINRA’s media, internal communications, investor education, member relations and government relations programs, and its editorial, production, design and multimedia communications services. Ms. Asquith joined FINRA from the Senate Agriculture Committee, where she served as Counsel to the Committee and helped write historic legislation on the regulation of futures and commodities. She has extensive knowledge of SROs and other financial services businesses. Ms. Asquith holds a BA in Economics from Oklahoma State University and a JD from the Marshall Wythe School of Law at the College of William and Mary. Afshin Atabaki is Associate General Counsel in FINRA’s Office of General Counsel, Regulatory Practice and Policy. In this capacity, he renders legal advice and support to FINRA management and staff in connection with regulatory initiatives, as well as develops and interprets FINRA rules. His areas of regulatory expertise include


recordkeeping requirements. Mr. Atabaki graduated Phi Beta Kappa, cum laude, from the University of Maryland, College Park, with a B.A. in History and received his law degree from Cleveland-Marshall College of Law. Mitchell Atkins is Founder and Principal of FirstMark Regulatory Solutions, Inc., a compliance consultancy based in Boca Raton, Florida. His focus is complex problem solving for FINRA broker-dealers and registered investment advisers. His recent compliance focuses include anti-money laundering compliance, supervisory controls assessments, cyber security compliance, FINRA membership applications, broker-dealer acquisitions, and non-traded REIT and variable annuity compliance. Mr. Atkins has 24 years of experience in the industry, 20 years of which was in various roles at FINRA (previously NASD), most recently as Senior Vice President and Regional Director, with overall responsibility for four districts comprising FINRA's South Region (home to 850 brokerage firms). He oversaw the region's routine inspection program, sales practice special investigations, financial surveillance, and membership application programs. Mr. Atkins oversaw the development of innovative initiatives such as the National Anti-Money Laundering Investigative Unit in 2012. Mr. Atkins oversaw the successful startup of the Florida District Office of FINRA in 2005. Mr. Atkins frequently addresses financial services industry groups. He is a Certified Regulatory and Compliance Professional™ through the FINRA Institute at Wharton. He is a graduate of Louisiana State University and a member of the Florida Securities Dealer’s Association and the SIFMA Compliance and Legal Society. Darla K. Bartkowiak is Managing Director and Chief Compliance Officer for Amherst Pierpont Securities LLC. She also serves as an officer and director of Amherst Pierpont International Ltd. Ms. Bartkowiak joined predecessor, Amherst Securities Group in 2002 as the firm’s Chief Compliance Officer where she also served on the firm’s Board of Directors. She began her career in the financial industry 38 years ago with the most recent 29 years being primarily focused on compliance initiatives. During this time she was also the CCO of an affiliated registered investment advisor for six years; the President and board member of AccessBroker.com; a Senior Compliance Examiner with the FINRA Dallas District Office; and the Head of Compliance at a Dallas based clearing firm. In addition to holding multiple industry registrations, she currently serves on the FINRA New York Regional Committee. She also served on the FINRA District 6 Committee for six years and served a term on the FINRA Regulatory Advisory Committee. Ms. Bartkowiak graduated with honors from Amberton University with a Bachelor of Science Degree in Human Relations and Business. Matthew Beals is Chief Operating Officer and Chief Information Officer at Bolton Global Capital. In this role, Mr. Beals oversees back office operations, platform development, infrastructure expansion, information systems, and cybersecurity. He also works closely with Bolton’s executive team on business development and company strategy. Prior to his current role, Mr. Beals was Manager of Technology and Business Development for Bolton Global Capital, where he managed information systems, cybersecurity, and supported new advisor acquisition. Mr. Beals holds a BS in Mathematics and Statistics and an MBA, both from the University of Massachusetts at Amherst. He also holds FINRA Series 7 and 24 licenses. Eric Bederman is Chief Operating & Compliance Officer for Romano Wealth Management, a broker-dealer and registered investment advisor located in Evanston, Illinois specializing in portfolio management and financial planning. He has more than 20 years of experience supervising broker-dealer compliance and operations. Mr. Bederman is a current member of the District Committee for FINRA District 8. He is also a member of the FINRA Continuing Education Content Committee. Mr. Bederman previously served on the Small Firm Advisory Board (SFAB), and on the Series 7 Item Development and Content Review Committee. Additionally, he has spoken as a panelist for a variety of FINRA Small Firm meetings and seminars. Mr. Bederman has a BS from the University of Wisconsin-Madison, an MBA from the Lake Forest Graduate School of Management-Chicago, and holds the Series 4, 7, 24, 27, 53, 63, and 65 registrations. Bill Bell is District Director for the FINRA Philadelphia office. In that role, he is responsible for the execution of the offices exam plan, the Surveillance department and the overall management of the office. Prior to his promotion to Director in 2018, Mr. Bell was the Associate Director and an Exam Manager in the Philadelphia District office. Mr. Bell has also served as an examiner in the Philadelphia and Chicago offices. Mr. Bell graduated from Marist College with a BS in Business Administration and a concentration in Finance as well as a minor in Psychology. Mr. Bell also earned an MBA from Villanova University. Ornella Bergeron has been with FINRA since its inception in 2007. In her role as Senior Vice President in the Risk Oversight and Operational Regulation group of Member Regulation, she leads a group of 90 professionals who supervise and examine approximately 200 of FINRA’s largest members for financial and operational soundness, risk assessment adequacy and business conduct compliance. Prior to joining FINRA, Ms. Bergeron spent 19 years


at the New York Stock Exchange in similar roles. Ms. Bergeron is also a Senior Program Team Member responsible for the governance over Member Regulation’s Surveillance and Examination Programs. Ms. Bergeron holds a BBA in Finance from Iona College. Alan J. Berkeley is a corporate and securities regulatory lawyer whose practice encompasses corporate, Board and management counseling and crisis response, corporate transactions (including mergers, acquisitions, financing transactions for privately-held and public companies), regulatory and enforcement matters before the Securities and Exchange Commission and other securities regulatory bodies, and other corporate governance and compliance matters. He is a registered foreign lawyer with the Solicitors Regulation Authority in England and Wales and is registered as a foreign legal consultant in Brazil. Mr. Berkeley has more than 40 years of experience as counsel in corporate and business transactions and securities regulatory and enforcement matters. He has extensive professional association and academic activities, including many years as member of the adjunct faculty at Georgetown University and George Washington University law schools specializing in business planning and as a well-recognized speaker on professional and client education programs. Mr. Berkeley has been listed in The Best Lawyers in America in the category of Corporate Law since 2001. He has a J.D. from Georgetown University and B.S. from Cornell University. Richard W. Berry is Executive Vice President and Director, Office of Dispute Resolution. Prior to serving in this capacity, Mr. Berry was Senior Vice President, Dispute Resolution. In that role, he oversaw the four regional offices—New York, Boca Raton, Chicago and Los Angeles—and the New York Case Administration unit. Mr. Berry joined FINRA, then NASD, in 1995 as head of Dispute Resolution's Los Angeles satellite office. In 2001, he was named Director of Case Administration in the New York City office. Mr. Berry serves as Executive Champion of FINRA’s Toastmasters Clubs. Prior to joining FINRA, he taught American law for one year in Budapest. Mr. Berry began his career practicing law in San Francisco. He is a graduate of the University of California at Santa Barbara and Hastings College of the Law. Mr. Berry is a member of the California Bar. Laura Leigh Blackston is Senior Regional Counsel with FINRA’s Enforcement Department. Ms. Blackston joined FINRA as an attorney in 2002. Prior to joining FINRA, she was an associate and partner with the General Litigation group of the law firm Jones Walker. As Senior Regional Counsel, Ms. Blackston has handled key enforcement actions regarding anti-money laundering and has co-taught Anti-Money Laundering Regulation at FINRA’s Institute at Wharton. Ms. Blackston graduated from the University of Mississippi in 1988 with honors and received her J.D. Degree from Washington and Lee University with honors in 1992. She is also a member of FINRA’s Anti-Money Laundering Regulatory Expert Group and is Certified Anti-Money Laundering Specialist (CAMS). Kevin Bogue joined FINRA in January 2017 as a Regulatory Principal in the Chicago District Office. Mr. Bogue is a member of the Sales Practice Cybersecurity team responsible for examining firms' controls over their protection of sensitive client and firm information. Prior to joining FINRA, Mr. Bogue has more than 17 years of information technology (IT) and security experience working as a technology consultant with Accenture, as an internal Global IT auditor, IT Compliance Manager and SOX Program Manager with Abbott Laboratories, as an IT Compliance Manager with Brunswick and as an internal IT Audit Manager with CDW. Mr. Bogue earned an MS in Information Systems from DePaul University in Chicago, IL and a BS in Psychology from Iowa State University in Ames, IA. John Bridges is Managing Director of Capital Markets at Winslow, Evans, and Crocker, Inc., a registered Broker Dealer/RIA based in Boston, MA. Mr. Bridges started in the financial industry shortly after graduating from Westminster College in 1992 and has been with Winslow since 2002. Since joining Winslow, Mr. Bridges has held many roles, primarily in the area of Trade Desk supervision/compliance for both Equities and Fixed Income. In his current role, Mr. Bridges is responsible for overseeing and supervising the Retail and Institutional Trading Desks and is a member of the Firm’s Best Execution Committee. He also serves as a liaison between the Trading and Compliance departments and is directly involved in all inquiries from the various regulatory entities. Additionally, he works closely with the Compliance Department in creating and updating the Firm’s policies and procedures and the communication of these to Trade Desk personnel. Mr. Bridges holds a Bachelors Degree of Business Administration from Westminster College in New Wilmington, PA and Series 7, 24, 53, 55, and 63 licenses. Don Bruns is Senior Director of Web Services at FINRA. He is responsible for the day-to-day operations of FINRA’s websites. He also serves as the User Experience Lead for FINRA.org. As a veteran of Razorfish and NavigationArts, Mr. Bruns has led digital strategy engagements for Lockheed-Martin, Breitbart, Pershing, Ernst & Young, KPMG, AARP, TIAA, the Commodity Futures Trading Commission (CFTC) and the U.S. Department of the Treasury.


Robert G. Brunton is currently an Associate General Counsel in Edward Jones Regulatory Group handling regulatory and self-regulatory examinations and investigations, including the Firm's annual and "sweep" examinations. For more than 30 years, Mr. Brunton has represented broker-dealers and their associated persons in all aspects of arbitration, litigation and mediation, as well as regulatory and enforcement matters, while working at E.F. Hutton, Prudential Securities and several business units in the Transamerica family of companies. For approximately 10 years, Mr. Brunton practiced in the securities litigation, arbitration and enforcement defense areas while a member of, and counsel to, Kutak Rock, LLP. He is a 1978 graduate of Fordham University, a 1982 graduate of Fordham Law School and a member of the New York, Georgia and Missouri bars. Mr. Brunton also serves on the SIFMA Compliance and Legal Division State Regulation and Legislation Committee. Steven L. Brown is Managing Director & Global Head of Investment Banking and Capital Markets Legal Coverage at Morgan Stanley, where he has been a member of the law division since 1994. Prior to his current role, Mr. Brown was the global research general counsel and an investment banking coverage lawyer advising on equity and debt capital markets, mergers and acquisitions, leveraged finance and private equity in Morgan Stanley's New York and London offices. Prior to joining Morgan Stanley, he was an associate at the law firm Sullivan & Cromwell. Mr. Brown also clerked for Honorable Andrew A. Caffrey, U.S. District Court, District of Massachusetts (1990-1991). Mr. Brown received his Juris Doctorate in 1990 from Boston College Law School, magna cum laude, where he was executive editor of the Boston College Law Review. Lance Burkett, District Director, FINRA Denver Office, began his securities industry career in 1993 as a Securities Fraud Investigator for the State of Arizona Securities Division, working exclusively on fraud cases involving broker-dealers. Later, at a FINRA member firm, he was responsible for supervising Producing Branch Managers and Field Representatives as the Field Compliance Director. Throughout his tenure with FINRA, Mr. Burkett has held positions ranging from Compliance Examiner, responsible for examining FINRA member firms for general compliance, to District Director, responsible for the management and oversight of the regulatory programs within the Denver District office. In addition to his regulatory responsibilities, Mr. Burkett earned his Certified Regulatory and Compliance Professional™ designation through the FINRA Institute at Wharton and has developed content and presented at several FINRA Institute class offerings. Amie Caban is Senior Managing Director and Chief Information Security Officer at Guggenheim Partners, a privately held global financial services firm. She is responsible for the Firm’s Information Security and Business Continuity Management Programs, as well as Enterprise Technology Governance. Mrs. Caban sits on the Steering Committee for the Firm’s Women's Innovation and Inclusion Network (WIIN). She is also a member of the Firm’s IT Oversight Committee and Vendor Diversity Advisory Council. Prior to joining Guggenheim in 2009, she was the Head of Technical Services for Claymore Securities. Mrs. Caban holds a Bachelor of Science in Network Communications Management from DeVry University and Executive Management Education from the University of Chicago Booth School of Management. She is a Certified Information Security Manager (CISM) through ISACA and is a member of the Investment Company Institute's Chief Information Security Officer Advisory Committee. Albert Caiazzo is Managing Director and Chief Quality and Risk Officer for First Clearing, Wells Fargo Clearing Services, LLC. In his role, Mr. Caiazzo is responsible for risk management and regulatory matters, and the delivery of strategic solutions, and compliance and risk management services. Chair of the firm’s Correspondent Business Review Committee, Mr. Caiazzo also sits on the First Clearing Leadership Team and the Wells Fargo Advisors Technology Oversight Committee. He previously served as Senior Vice President for Wexford Clearing Services Inc., a subsidiary of Prudential Securities Inc., a legacy firm of Wells Fargo Advisors. Mr. Caiazzo held various positions in the Prudential organization after joining that firm in 1983, including acting in the capacity of Chief Administrative Office for Wexford Clearing Services. Mr. Caiazzo is active in the industry and served as the 2012-2014 chair of the Clearing Firms Committee of the Securities Industry and Financial Markets Association (SIFMA). He currently serves as the Committee Vice Chair and also represents the firm on FINRA’s recently formed Clearing Firm Advisory Committee. Mr. Caiazzo currently serves on the board of directors of the St. Louis Public Schools Foundation and the Board of Directors of the Craft Alliance Center for Art and Design in St. Louis. He is a graduate of Kean University of New Jersey and the SIFMA Securities Industry Institute at The Wharton School of the University of Pennsylvania. Tracy Calder is Managing Director and Chief Risk Officer for LPL Financial. She is responsible for company-wide risk management processes and controls, and oversees key compliance, risk and supervisory functions, including Brokerage and Advisory Compliance, Financial Crimes, Business Risk Management, and Enterprise Risk Management. Additionally, Ms. Calder has responsibility for regulatory inquiries and exams. She also serves as chair of the Firm’s Risk Oversight Committee. Prior to joining LPL in January 2016, Ms. Calder worked for J.P.


Morgan Securities, where she served as managing director, chief compliance officer. Earlier in her career, Ms. Calder served as senior vice president responsible for Wells Fargo Advisors’ retail compliance program, and held a variety of legal and compliance roles at UBS Financial Services Inc., including head of legal for the Wealth Management Advisor Group, and chief compliance officer. Ms. Calder earned a Bachelor of Arts from Fordham University and a Juris Doctor from the University Of North Carolina School Of Law. Alan Carlisle is Chief Compliance Officer at Social Finance, Inc. (including subsidiary SoFi Securities, LLC) and is responsible for the oversight and administration of the compliance management program for the enterprise. SoFi is a new kind of finance company taking a pioneering approach to investing, lending and saving. With more than 20 years of experience in the financial services industry and capital markets, Mr. Carlisle has worked with a broad array of broker dealer business models, including FinTech, Independent, Retail and Institutional firms. His expertise lies in design and implementation of risk and compliance controls, application of existing regulatory frameworks to innovative technologies, performance measurement, and assessing the overall strengths and weaknesses of investment approach and discipline. Mr. Carlisle holds the Series 4, 7, 9, 10, 24, 27, 53, 55, 63, 65, 79 and 99 securities licenses, holds the ABA's Certified Regulatory Compliance Manager (CRCM) designation, and is a designee of the CFA Institute's CIPM program. He also holds a California Real Estate Broker’s License, the CCIM designation and is a LEED AP BD+C and AP O+M. His service includes or has included the FINRA Dispute Resolutions Roster of Neutrals (Industry Panelist and Chair qualified), CCIM Professional Standards Roster, FINRA District Committee appointee for District 1, ULI Sustainable Development Council member and ADISA Capital Markets Committee chairperson. Steven B. Caruso, the Resident Partner in the New York City office of Maddox Hargett & Caruso, P.C., concentrates his practice on the representation of individual, high net worth and institutional investors in securities arbitration and litigation proceedings. Mr. Caruso is the current Chairman of FINRA’s National Arbitration & Mediation Committee; Director Emeritus and former President of the Public Investors Arbitration Bar Association; former Chairman of FINRA’s Discovery Task Force Committee; and a former member of the SIPC Modernization Task Force. He has testified before the U.S. House of Representatives, Committee on Financial Services (Sept. 2010 and Mar. 2012); is a frequent lecturer on various topics relating to securities arbitration; and has published numerous articles on securities arbitration including Post-Settlement Expungements: An Investor Protection Problem that Continues to Wait for a FINRA Solution, Practising Law Institute (September 2017); Non-Attorney Representatives (“NARs”) – Do They Present a Clear & Present Danger to the Integrity of FINRA Arbitration?, Association of the Bar of the City of New York (May 2017); Arbitrator Disclosures: Requests for Additional Information, The Neutral Corner, FINRA Dispute Resolution, Vol. No. 4 (2016); Ethical Implications of the Phantom Designation of Expert Witnesses in FINRA Securities Arbitration Proceedings, Practising Law Institute (September 2016); Definition of a FINRA Customer: To Be or Not To Be – That Is the Ultimate Question, Practising Law Institute (July 2015); Discovery in FINRA Arbitration, The Neutral Corner, FINRA Dispute Resolution, Vol. No. 2 (2015); FINRA Six-Year Eligibility Rule 12206: The Purchase Date is Often Not the Triggering Occurrence or Event Giving Rise to the Claim, PIABA Bar Journal, Volume 20, No. 1 (September 2013); All Public Arbitrator Panels: A More Level Playing Field, Practising Law Institute (August 2013); Arbitrator Challenges Under the FINRA Code of Arbitration Procedure for Customer Disputes, Practicing Law Institute (August 2010); The Mandatory Industry Arbitrator: An Endangered Species on the Precipice of Extinction, Practising Law Institute (August 2009); Sunshine May be the Best Disinfectant for What Ails Securities Arbitration: A Discussion of the 2008 SICA Empirical Study of Fairness, Practising Law Institute (August 2008); Effective Closing Statements From the Perspective of Counsel for the Customer-Claimant, New York State Bar Association (November 2007); Essential Principles for Honorable Arbitrators, Practising Law Institute (August 2007); Motions to Dismiss: A Predatory Tactic That Must be Extinguished, Association of the Bar of the City of New York (June 2007); Ethical Standards for Securities Arbitrators: A Statistical Perspective of Potential Partiality (Bias), Practising Law Institute (August 2006); Arbitrator Training in the Securities Dispute Arena, The Review of Securities & Commodities Regulation (January 2005); Discovery Objections Which are Irrelevant, Unduly Burdensome and are Reasonably Calculated to Lead to the Concealment of Admissible Evidence, New York State Bar Association (October 2004); Model Arbitrator Instructions: Luxury or Emerging Necessity, Practising Law Institute (August 2004); Ethical Considerations in Settlement Agreements, Association of the Bar of the City of New York (June 2004); Examination of the Adverse Broker: Unimpeachable Questions with an Internet Twist, Practising Law Institute (August 2001); On-Line Trading: The New Frontier, Practising Law Institute (July 1999); and NASD Arbitration Discovery Procedures : Knowing Your Customer From the Securities Professional Perspective, American Bar Association (August 1995). Mark Catana is Managing Director and the Head of Markets Compliance at J.P. Morgan, where he has worked since 2004. He is responsible for managing the Compliance advisory program for the Fixed Income, Currencies & Commodities, Equities, Debt and Equity Capital Markets, and Futures and Options businesses in the firm’s


Corporate and Investment Bank. Previously, he was Regional Counsel with FINRA (then NASD) Enforcement in New York, and before that Vice President and Associate General Counsel in the Nomura Securities International, Inc. Legal Department. He began his career in private practice as an associate with Schulte Roth & Zabel LLP and with Drinker Biddle & Reath (then Shanley & Fisher, PC). Mr. Catana has an A.B. from Columbia University and a J.D. from the University Of Virginia School Of Law. Patrick J. Caulfield is Vice President and Chief Compliance Officer for Lincoln Financial Group Distribution (LFGD), which includes Lincoln Financial Network, the company’s retail private client business, and Lincoln Financial Distributors (LFD), the company’s wholesale business. In this role, Mr. Caulfield is responsible for development of risk-based compliance policies, procedures and controls for, and oversight of all compliance issues that impact, the LFGD broker-dealers and investment advisors. Previously, Mr. Caulfield was Chief Counsel and Chief Compliance Officer for LFD. Prior to joining Lincoln in 2002, Mr. Caulfield spent approximately 20 years with the Equitable Life Assurance Society of the United States and its successor companies, AXA Client Solutions and AXA Advisors, where he held a number of senior level legal and business positions. For many years, he served as general counsel to retail distribution and chief employment law counsel to the entire corporation. During his last three years with Equitable and AXA, Mr. Caulfield was senior vice president and chief operating officer for retail distribution. Mr. Caulfield has written and lectured extensively on a variety of compliance and legal matters before employer, trade and bar associations including SIFMA, FSI, ACLI, ALIC, LIMRA, NSCP, the Compliance Forum and the American Corporate Counsel Association. Mr. Caulfield is a graduate of St. Peter’s University, where he received a B.S. in Mathematics, and Fordham University School of Law, where he received his J.D. He also has FINRA Series 7, 24, 51 and 66 designations. He is former Chairman of the Regulatory Compliance Committee of LIMRA, and is a member of the NSCP, the Compliance Forum and the Broker-Dealer Committee of IRI. Anthony Cavallaro is a senior vice president and the head of the Central Review Group of FINRA’s Office of Fraud Detection and Market Intelligence. He is responsible for managing two units that review and investigate regulatory filings, complaints and other matters received regarding violations of SEC and FINRA rules and regulations. Mr. Cavallaro reports to the Department’s Executive Vice President. Prior to his current role, Mr. Cavallaro was a vice president in the Member Regulation Department and also served in the Enforcement Department of FINRA where he managed two units that investigated and prosecuted violations of securities laws and regulations. Mr. Cavallaro was a vice president at the New York Stock Exchange and began serving at FINRA when NYSE Member Regulation and Enforcement consolidated with NASD to form FINRA in 2007. Prior to joining the NYSE in 1997, Mr. Cavallaro was an Assistant District Attorney in the New York County District Attorney’s Office where he was responsible for investigating and prosecuting various criminal matters including white-collar cases. Mr. Cavallaro received his law degree from St. John’s University School Law and a B.S. in finance from Fordham University, College of Business Administration. He is a military veteran and retired with the rank of major after 20 years of service in the US Army Reserve. Ron Chan is Managing Regulatory Coordinator in the Risk Oversight and Operational Regulation division of FINRA’s department of Member Regulation. In his current role, Mr. Chan is responsible for the risk assessment and surveillance of certain FINRA member firms, with a focus on the framework of financial, operational, and business conduct controls. He began his career in Operations Control at National Financial Services LLC, and was with Citigroup Global Markets Inc. as a Vice President in Regulatory Reporting, where he maintained a Series 27 license before joining FINRA in 2013. Mr. Chan earned a Bachelor of Arts degree in both Economics and Sociology from Stony Brook University, and in 2014 completed the Certified Regulatory Compliance Professional™ program sponsored by the FINRA Institute at Wharton. Evan Charkes is Managing Director and Associate General Counsel for Bank of America, and supports the US Merrill Lynch Wealth Management business, including social media and mobility programs. Mr. Charkes is also Chief Counsel to the Firm’s Private Banking and Investment Group, which services the wealth management needs of ultra-high new worth clients. Mr. Charkes has spent a significant portion of his career supporting wealth management businesses, including at Citi, where he was a Managing Director and Deputy General Counsel for its Global Wealth Management business. Mr. Charkes has also spent a portion of his career supporting banking related businesses for global banks, including as a Director of Financial Holding Company Compliance for Morgan Stanley, and as a Deputy General Counsel for Citi’s Commercial Business Group. Mr. Charkes started his career as a litigation associate in private practice in New York City. Mr. Charkes is currently the Vice Chair of FINRA’s National Adjudicatory Council and a former member of the FINRA Compliance Advisory Committee and FINRA International Committee. Mr. Charkes also formerly served for several years as the co-chair of the SIFMA Compliance and Regulatory Policy Committee and SIFMA Self-Regulation and Supervisory Practices Committee, and has been a frequent speaker at the SIFMA Compliance & Legal Society annual seminar. He has contributed articles to the New


York Law Journal and Wall Street Lawyer. Mr. Charkes is an Adjunct Professor at the Elisabeth Haub School of Law at Pace University and teaches securities regulation. He is a member of the Board of Directors of the Pro Bono Partnership, a non-profit organization that provides legal services to nonprofit organizations in Connecticut, New Jersey and New York. Mr. Charkes is a graduate of Georgetown University Law Center and Columbia College. Jay Clayton was nominated to chair the U.S. Securities and Exchange Commission on January 20, 2017 by President Donald Trump and sworn in on May 4, 2017. Since joining the Commission, Chairman Clayton has focused on the long-term interests of America’s retail investors, a perspective he shares with the SEC staff. Chairman Clayton has made it a priority to increase the access of retail investors to a diverse range of investment opportunities and see that they continue to benefit from the protections of our securities laws. Key areas of focus for Chairman Clayton include: making our capital markets more accessible to businesses and investors alike, while ensuring the United States continues to be the world’s leader in terms of effective disclosure and other investor protections; and examining and addressing equity and fixed income market structure issues with an emphasis on fairness, efficiency and resiliency, recognizing that our markets are ever-changing. Chairman Clayton also has been outspoken on securities law issues related to distributed ledger technology, cryptocurrencies and initial coin offerings. Prior to joining the Commission, Chairman Clayton was a partner at Sullivan & Cromwell LLP, where he was a member of the firm’s Management Committee and co-head of the firm’s corporate practice. Chairman Clayton has authored publications on securities law, cybersecurity, and other regulatory issues, and from 2009 to 2017 he was a Lecturer in Law and Adjunct Professor at the University of Pennsylvania Law School. Prior to joining Sullivan & Cromwell, Chairman Clayton served as a law clerk for the Honorable Marvin Katz of the U.S. District Court for the Eastern District of Pennsylvania. A member of the New York and Washington, D.C. bars, Chairman Clayton earned a B.S. in Engineering from the University of Pennsylvania (summa cum laude), a B.A. and M.A. in Economics from the University of Cambridge (Thouron Scholar), and a J.D. from the University of Pennsylvania Law School (cum laude, Order of the Coif). Chairman Clayton was born at Fort Eustis in Newport News, Virginia and was raised primarily in central and southeastern Pennsylvania. In his professional career, he has lived in Philadelphia, New York, London, and Washington, D.C. Brent P. Cohen is the U.S. Head of AML Compliance at RBC Capital Markets, LLC responsible for oversight of AML, sanctions and the financial crime program for the institutional trading business, investment banking, corporate banking and the Royal Bank of Canada-World Financial Center branch. Prior to RBC Capital Markets LLC, Mr. Cohen served as the Director of AML Compliance within FINRA’s Enforcement Department. His primary responsibilities included assisting with anti-money laundering issues arising in investigations and examinations, as well as advising staff FINRA-wide on issues involving the handling of suspicious activity reports (SARs). Before FINRA, Mr. Cohen was a vice president in the AML-Suspicious Activities Group at Goldman Sachs & Co. In that role, he was responsible for investigating potentially suspicious activity across the firm's various business lines, including private wealth management, prime brokerage and clearing and execution. Mr. Cohen also previously served as an assistant general counsel in the Money Laundering Prevention Group at UBS Financial Services, Inc., where he investigated possible violations of the Bank Secrecy Act ("BSA") and provided legal advice to business units concerning BSA requirements and the implementation of the firm's policies and procedures. Mr. Cohen received his B.A. from the State University of New York at Albany, from which he graduated summa cum laude, and his J.D., with honors, from the University of North Carolina School of Law. Robert Cohen is the first Chief of the SEC Division of Enforcement’s Cyber Unit, which was created in September 2017. Mr. Cohen supervises investigations concerning cyber-related securities law violations, including: initial coin offerings and other cryptocurrency-related conduct; hacking to obtain nonpublic information; brokerage account takeovers; cyber-related market manipulations; cybersecurity controls at regulated entities; and cybersecurity disclosures by public companies. From 2015 to 2017, Mr. Cohen was Co-Chief of the SEC’s Market Abuse Unit. Mr. Cohen supervised investigations of large-scale market structure and trading misconduct, including: violations by national securities exchanges and dark pools; manipulation cases involving fake SEC filings; and complex insider trading cases, including a case involving a government employee, a political intelligence consultant, and hedge fund analysts, and a case involving a managing clerk of a national law firm whose tips were passed at Grand Central Terminal. Prior to joining the Commission in 2004, Mr. Cohen was in private practice and served as a law clerk in the United States District Court for the District of Maryland. He received his J.D. from the New York University School of Law, where he served on the Law Review, and received a B.S. from Cornell University. Robert L.D. Colby is Chief Legal Officer of the Financial Industry Regulatory Authority (FINRA), which he joined in June 2012. In this capacity, he oversees FINRA’s corporate and regulatory General Counsel functions as well as FINRA’s Advertising and Corporate Financing Departments and the Office of Hearing Officers. Previously, Mr. Colby was a partner in the Washington, DC, office of Davis Polk & Wardwell LLP, where he advised on regulatory and


compliance matters involving securities and derivatives for financial institutions, markets and clearing organizations. Before joining Davis Polk in 2009, Mr. Colby served for 17 years as Deputy Director of the U.S. Securities and Exchange Commission’s Division of Trading and Markets. In that role, he was responsible for the regulation of broker-dealers, securities markets and clearing organizations. Previously, for 11 years he was Chief Counsel of the Division and Chief of the Division’s Branch of Market Structure. Christopher Cook currently is Associate Director in FINRA’s Office of the Ombudsman. The Office of the Ombudsman provides a neutral forum for FINRA constituents to voice their concerns about operations, enforcement, or other FINRA activities or staff. In his role as an Ombudsman, Mr. Cook conducts independent reviews of constituents’ concerns and works toward the identification and evaluation of positive solutions for all parties involved. Mr. Cook returned to FINRA when he joined the Office in 2011. Previously, Mr. Cook was an independent consultant, providing regulatory compliance expertise to broker-dealers. He fulfilled firms’ commitments to have their programs revamped by an independent consultant in the wake of significant regulatory sanctions, and provided guidance regarding regulatory risk management, regulatory policies, and written supervisory procedures. Mr. Cook also helped firms prepare for SEC and SRO regulatory inspections. Prior to his tenure as a consultant, Mr. Cook was Director of Quality Assurance in FINRA’s Member Regulation Department, where he focused on assessing and enhancing regulatory operations in the District Offices. In that role, he and his staff reviewed surveillance matters, examinations, and investigations to help ensure that regulatory violations were detected and appropriately addressed, as well as opportunities to improve procedures and training. Mr. Cook also co-managed an investigation of a dozen firms’ mutual fund sales practices, which resulted in $40 million in sanctions. Additionally, he was the primary liaison for SEC and FINRA Internal Audit inspections of the department. Mr. Cook has an MBA with honors from Hood College and a Bachelor’s degree in Economics from the University of Maryland. Mr. Cook also is a Certified Regulatory and Compliance Professional™ (CRCP™) since 2004. Robert W. Cook is President and CEO of FINRA, and Chairman of the FINRA Investor Education Foundation. From 2010 to 2013, Mr. Cook served as the Director of the Division of Trading and Markets of the U.S. Securities and Exchange Commission. Under his direction, the Division’s professionals were responsible for regulatory policy and oversight with respect to broker-dealers, securities exchanges and markets, clearing agencies and FINRA. In addition, the Division reviewed and acted on over 2,000 rule filings and new product listings each year from self-regulatory organizations, including the securities exchanges and FINRA, and was responsible for implementing more than 30 major rulemaking actions and studies generated by the Dodd-Frank and JOBS Acts. He also directed the staff’s review of equity market structure. Immediately prior to joining FINRA, and before his service at the SEC, Mr. Cook was a partner based in the Washington, DC, office of an international law firm. His practice focused on the regulation of securities markets and market intermediaries, including securities firms, exchanges, alternative trading systems and clearing agencies. During his years of private practice, Mr. Cook worked extensively on broker-dealer regulation, advising large and small firms on a wide range of compliance matters. Mr. Cook earned his J.D. from Harvard Law School in 1992, a Master of Science in Industrial Relations and Personnel Management from the London School of Economics in 1989, and an A.B. in Social Studies from Harvard College in 1988. Todd Cook is Managing Director and Associate General Counsel in the Asset & Wealth Management division of JPMorgan Chase & Co. He is currently Global Head of Legal for the firm’s “Intelligent Digital Solutions” business, which creates and supports web, voice and mobile solutions and a range of FinTech initiatives in the asset and wealth management space. From 2008 through 2016, Mr. Cook was General Counsel for the “J.P. Morgan Securities” line of business. In that role, Mr. Cook managed a team of brokerage, investment advisory and banking lawyers to support high, ultra-high and middle market institutional clients. Before joining JPMorgan, Mr. Cook was a senior attorney in the Bear Stearns Private Client Group (2005– 2008) and Merrill Lynch’s Wealth Management Division (1996 – 2005). Mr. Cook holds a B.A. from Colgate University, a J.D. from Fordham University and an M.B.A. in Finance and Accounting from New York University. He serves on the SIFMA Private Client Legal Committee and is a member of FINRA’s recently-formed Fintech Industry Committee, which facilitates discussion on FinTech developments, including how FINRA’s rules and programs interact with technology innovations. Meredith Cordisco is Associate General Counsel with FINRA’s Office of General Counsel. In this capacity, she provides legal guidance on policy initiatives, rule changes and interpretations in various areas, including regarding new issues and spinning, private securities transactions and outside business activities. Before joining FINRA, Ms. Cordisco was counsel in the Securities Litigation and Enforcement group at WilmerHale, where she focused her practice on complex securities enforcement investigations. Ms. Cordisco received her B.S., summa cum laude, in International Business and French from Mount St. Mary’s University in Emmitsburg, Maryland, and her J.D., summa cum laude, and M.B.A., cum laude, from Villanova University. Following her studies, Ms. Cordisco clerked for the Honorable Eduardo C. Robreno on the U.S. District Court for the Eastern District of Pennsylvania.


Mark W. Cresap III is the President and owner of Cresap, Inc., a position he has held since 1990. Cresap, Inc. is a fully disclosed broker-dealer and Pennsylvania-registered investment adviser with 40 registered representatives. Previously, from 1980 to 1989, Mr. Cresap was the President of PML Securities (aka 1717 Capital Management), a broker-dealer subsidiary of Provident Mutual Insurance. He was responsible for more than 1,800 registered representatives. Before that, Mr. Cresap worked as regional sales director for CIGNA Securities and as a registered representative for W. H. Newbolds & Sons. Mr. Cresap is a former member of the FINRA Board of Governors. He previously served as Chair of the FINRA Small Firm Advisory Board, Chair of a FINRA District Committee, FINRA Nominating Committee Chair, and as a member of the FINRA Membership Committee. He received his bachelor's degree from Williams College. Amber Crouch joined Crews & Associates, Inc., as the Senior Compliance Officer and Regulatory Counsel in May 2016. Founded in 1979, Crews is a full-service broker-dealer based in Little Rock, Arkansas, and specializing in fixed-income products. Ms. Crouch’s immediate past position prior to Crews was as an enforcement attorney for five and a half years with the Arkansas Securities Department. While a state regulator, Ms. Crouch was a member of and the 2016 co-chair of the North American Securities Administrators Association (NASAA) Broker-Dealer Operations Project Group, which coordinated an annual training available to all states’ securities regulatory staff members in the area of broker-dealer regulation. Ms. Crouch attended the University of Arkansas at Fayetteville where she received a Bachelor of Arts in Psychology, and obtained her law degree, with honors, from the University of Arkansas at Little Rock School of Law. Prior to law school, Ms. Crouch worked for former U.S. Senator Blanche L. Lincoln of Arkansas for five years on her personal Senate staff and campaign staff in both her Washington, D.C., and Little Rock offices. Ms. Crouch is a current member of the National Association of Bond Lawyers and serves on the FINRA Fixed Income Committee. Cathy Cucharale, Chief Operating Officer and Chief Compliance Officer of M. Griffith Investment Services, Inc. Ms. Cucharale joined the firm in 1998 and is responsible for day-to-day operations. Her organizational and leadership skills are key to ensuring the effectiveness of the firm's human resources, training, accounting, marketing and IT departments. Ms. Cucharale is Series 7, 24 and 99 registered and is accountable for the developmental process of assuring adherence to the many regulatory compliance requirements of the financial investment industry. As Chief Operating Officer, Ms. Cucharale is directly responsible for formulating and implementing policies and procedures with the firm's back office operations. Ms. Cucharale's goal is to ensure that all of the firm’s clients receive outstanding operational processing service. Prior to joining M. Griffith, Ms. Cucharale worked for more than 12 years as the Advertising Manager of an in-house advertising agency for Tehan's Catalog Showrooms. She was also the Director of Operations for Tracker Referral Network, Inc. She holds an A.A.S. Degree in Advertising Design and Production from Mohawk Valley Community College. Ms. Cucharale is very involved in her hometown community. She has held many leadership and executive board positions in various youth organizations and loves giving back to local high school and college campuses by guest lecturing and assisting with classroom instruction for business-oriented events. She is an elected FINRA Small Firm Advisory Committee Member, past elected FINRA District 9 Small Firm Committee Member and a past appointed FINRA Regulatory Advisory Committee Member. In the past, Ms. Cucharale has devoted her time as a Board Member and Treasurer of the Greater Utica Chamber of Commerce, as well as a Board Member of the Utica Salvation Army, and Board Member for Mohawk Valley Society for Human Resource Management (MVSHRM). Brian Curtis is Global Head of Anti-Money Laundering for BNY Mellon’s Pershing, as well as the Head of Compliance for Pershing’s Florida Regional Office. In his role, Mr. Curtis is responsible for overseeing all areas of Pershing’s Global AML Program including Surveillance and Investigations, Sanctions Compliance, and Suspicious Activity Monitoring and Reporting. Prior to his current position, Mr. Curtis led Pershing’s KYC Program where he managed a team responsible for the initial due diligence and ongoing risk monitoring of Pershing’s clients globally. Before joining Pershing, Mr. Curtis was Chief Compliance Officer and Chief AML Officer for Newbridge Securities Corporation and Newbridge Financial Services Group. He also had a successful career as a Compliance Specialist in FINRA’s Regional Florida District Office, where he led numerous examinations focused on compliance and Anti-Money Laundering programs as well as participating in key regulatory initiatives. Mr. Curtis has held leadership positions as an industry consultant focusing on key regulatory initiatives for Broker-Dealers, Registered Investment Advisers, and CFTC Registrants. Mr. Curtis maintains a B.A.A. from Central Michigan University, an MBA from Florida Atlantic University, various FINRA licenses, and is an active FINRA Arbitrator. Stephen M. Cutler is a partner at the law firm of Simpson, Thacher & Bartlett in New York. His practice focuses on government and internal investigations, corporate governance and regulatory matters. From 2007 until earlier this year, Mr. Cutler was at JPMorgan Chase & Co., where he served in the roles of General Counsel and then Vice


Chairman. Mr. Cutler was Director of the Securities and Exchange Commission's Division of Enforcement from 2001 to 2005 (and Deputy Director from 1999 to 2001). While at the SEC, he led the agency’s investigations of numerous financial reporting, broker-dealer and investment advisor matters. Both before and immediately following his tenure at the SEC, Mr. Cutler was a partner at WilmerHale in Washington, D.C. Mr. Cutler earned a J.D. from Yale Law School, where he served as an editor of the Yale Law Journal, and a B.A. (summa cum laude) from Yale University. Mr. Cutler has been on the board of the Financial Industry Regulatory Authority (FINRA), and currently serves on the boards of the Legal Action Center, the National Women's Law Center and the Metropolitan Museum of Art. He is also a Visiting Lecturer in Law at Columbia Law School, where he co-teaches a course called “Global Inside Counsel: The Challenges of an In-House Lawyer in an Increasingly Integrated World.”

Kris Dailey is Vice President in FINRA’s Risk Oversight and Operational Regulation department, where she is responsible for leading a group of professionals in developing and interpreting financial, operational and margin rules and providing policy advice to FINRA staff and member firms. Ms. Dailey’s responsibilities involve a variety of regulatory areas, including broker-dealer net capital, liquidity management, accounting and financial reporting obligations, financial statement audits, books and records requirements, segregation and custody of customer assets, margin and credit regulations, including portfolio margining, and securities operations, including prime brokerage, securities clearance, settlement and financing arrangements. Ms. Dailey’s responsibilities have also included supporting the examinations and surveillance of member firms, through the automation of data collection and analysis for financial and operational examinations, supervision of assessments of quantitative market and credit risk measurement methodologies and the review of new and continuing member applications. Before joining FINRA, Ms. Dailey spent 19 years at NYSE Regulation, in staff and managerial positions responsible for the examinations and financial surveillance of member firms. Ms. Dailey received a B.S. in Finance from St. John’s University and a M.B.A. from Fordham University. Pramit Das is Associate Director-Technology of FINRA’s Advertising Regulation Department. In this role, his responsibilities include managing a filings review group; assisting with administration of the filings review program; developing and maintaining the department’s technology needs; providing education to members, FINRA staff and other regulatory staff; and participating in certain rule amendment and rulemaking projects as necessary. He served in the same role at NASD before its 2007 consolidation with NYSE Member Regulation. Prior to joining NASD in 1994, Mr. Das worked for Metropolitan Life Insurance Company and Arthur Andersen & Co. He holds an MBA in Finance from the University of Maryland, College Park, and an MA in Financial Economics from Clemson University, Clemson, South Carolina. He was also Series 7 and 63 registered. Carol Anthony (John) Davidson is the former senior vice president, controller and chief accounting officer of Tyco International where he was responsible for overseeing financial reporting, internal controls and accounting policy across Tyco’s global operations. Prior to joining Tyco in January 2004, Mr. Davidson served as vice president, Audit, Risk and Compliance for Dell Inc. During his six-year career at Dell he served in other senior capacities including chief compliance officer, vice president and corporate controller, and vice president of Internal Audit. In addition, Mr. Davidson spent 16 years with Eastman Kodak Company where he led the company’s internal audit function and previously served in a variety of accounting and financial leadership roles. He began his career with Arthur Andersen & Co. Mr. Davidson’s affiliations include memberships on the boards of Pentair Plc., DaVita Inc., Legg Mason Inc., TE Connectivity Ltd., and the University of Rochester. He is a certified public accountant and holds a master’s degree in business administration from the University of Rochester and a bachelor’s degree in accounting from St. John Fisher College in Rochester, New York. Gregory J. Dean, Jr. is Senior Vice President of the Office of Government Affairs at FINRA. Before joining FINRA, Mr. Dean was Senior Director of Regulatory & Government Affairs at the Royal Bank of Canada (RBC). Before joining RBC in 2015, he served for more than 14 years in a variety of roles on Capitol Hill, including serving as Chief Counsel for three separate committees in the U.S. Senate including on the Banking, Housing and Urban Affairs, Health, Education, Labor and Pensions, and Budget Committees. He also was Staff Director for the Securities Subcommittee of the Senate Banking Committee. In addition, he was the Finance Counsel for the U.S. House Committee on Small Business and the Banking Counsel for the Senate Committee on Small Business and Entrepreneurship. Prior to his Congressional career, Mr. Dean was an attorney in the Office of the General Counsel at FINRA's predecessor, NASD Regulation. He began his career at the U.S. Small Business Administration, Office of Advocacy. R. Scott DeArmey is District Director of the Kansas City District Office of FINRA where he is responsible for regulatory oversight of FINRA member firms, branch offices, registered representatives and associated persons located in seven states throughout the Midwest: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and


South Dakota. Mr. DeArmey began his FINRA career 28 years ago as an examiner in the Atlanta District Office and has participated in a variety of examinations and investigations involving brokerage firms and registered representatives. He has been in management positions for 21 years and has also been involved in various regulatory and educational initiatives including developing and teaching supervision courses at the FINRA Institute. He received his Finance degree from Georgia State University and is a graduate of FINRA’s Leadership Program at Wharton. Gene DeMaio is Senior Vice President in FINRA’s Market Regulation Department where he manages the Options Regulation and Trading and Financial Compliance Examinations programs. Prior to joining FINRA, Mr. DeMaio was an Options Market Maker at the American Stock Exchange, and earlier worked as an attorney at the law firm of Kord Lagemann where he represented complainants in securities arbitration disputes. Mr. DeMaio is a graduate of Fordham Law and earned his LL.M at New York University. Jennifer Diamantis is Chief of Office of Market Intelligence (OMI) in the Securities and Exchange Commission’s Enforcement Division. OMI conducts a broad range of intelligence and analytics activities to identify potential securities law violations and risks, generate investigative leads and analytical insights, and protect investors. OMI also maintains strong relationships and coordinates closely with self-regulatory organizations (SROs), regulatory and law enforcement agencies, and other entities. As part of its TCR Review Program, OMI collects, evaluates, and disseminates tips, complaints, and referrals submitted to the SEC by the public, whistleblowers, SROs, exchanges, domestic and foreign government agencies, and others. OMI also houses the Division’s Bank Secrecy Act (BSA) Program, the Center for Risk and Quantitative Analytics (CRQA), the Office of Market Surveillance, and the Blue Sheets Program. Before joining the SEC, Ms. Diamantis was a Managing Counsel and Senior Counsel with the Consumer Financial Protection Bureau’s Division of Research, Markets, and Regulations. Before that, Ms. Diamantis was Supervisory Counsel in the Federal Deposit Insurance Corporation’s Enforcement Section and oversaw enforcement activities and investigations involving state chartered banks and bank failures. She has also served as a Senior Trial Attorney in the Commodity Futures Trading Commission’s Division of Enforcement, where she investigated and prosecuted fraud and market manipulation cases. Prior to her government service, Ms. Diamantis was a partner and associate at the law firm of Schnader Harrison Segal & Lewis LLP for 10 years. Ms. Diamantis received her law degree from the University of Michigan Law School and her bachelor of arts degree with honors from the University of Florida. Patricia Dorilio is Application Manager in the Membership Application Program (MAP) Group at FINRA, a position she has held since January 2014. Ms. Dorilio supervises application review staff in the execution of the examination/application review program, including the collection and analysis of information and documentation to determine applicants’ satisfaction of standards for FINRA membership, and standards for continuation of membership. Before joining FINRA in 2011, Ms. Dorilio was employed in the private sector, and immediately prior to that, was Special Counsel in the Division of Member Firm Regulation at the New York Stock Exchange. She began her career as an Assistant Attorney General in the Securities Bureau of the New York State Attorney General’s Office. Ms. Dorilio earned her J.D. from the Maurice A. Dean School of Law at Hofstra University, and her B.A. in Political Science from Hofstra University. She is a member of the bar of the State of New York. Jim Dowd is Founder and Managing Director of North Capital Private Securities (NCPS), a registered broker-dealer focused on the distribution, clearing and custody of exempt securities offerings, including private funds, securities of private companies, and ICOs, and CEO of North Capital Investment Technology (NCIT), which provides technology to facilitate exempt securities offerings by providing compliance tools for KYC and AML checks, online subscription processing and payments, and accredited investor verification for issuers and financial intermediaries. Prior to forming North Capital, Mr. Dowd, who has 33 years of experience in global financial markets, was a Senior Managing Director at Bear Stearns, where he led the hedge fund advisory team and developed and managed the firm’s HedgeSelect platform. Before Bear, Mr. Dowd was a portfolio manager for seven years, focused on convertible bond and options arbitrage. He also spent nine years with Bankers Trust in New York, London and Tokyo where he was Managing Director and Head of Derivatives Trading for Asia and a Partner of Bankers Trust. Mr. Dowd is a graduate of Georgetown University, where he earned a Bachelor’s of Science in Foreign Service (BSFS), majoring in international economics, finance and commerce. He holds the Chartered Financial Analyst designation and is a Certified Public Accountant. Thomas Drogan is Senior Vice President, Deputy of FINRA Member Regulation, Sales Practice department and has been with FINRA for more than 19 years. Prior to the merger between NYSE Regulation and NASD, he spent four years in the Financial/Operational Department in the NYSE’s Division of Member Firm Regulation before moving to the NYSE’s Sales Practice Review Unit where he held multiple positions. In January 2008, following the


merger, Mr. Drogan was promoted to Deputy Director in FINRA’s New York office where he served until December 2008 when he was appointed Deputy Director of FINRA’s Long Island office. In January 2013, Mr. Drogan was promoted to Vice President and in December 2013 was promoted to District Director for FINRA’s New York Office where he was responsible for New York’s examination and surveillance programs. In May of 2014, Mr. Drogan was appointed as Deputy in the Office of Sales Practice and in February 2016 was named Senior Vice President. In this role, Mr. Drogan provides strategic and tactical advice on how to achieve corporate and departmental goals and successfully implement regulatory programs. Specifically, Mr. Drogan assists the Executive Vice President in overseeing the national Sales Practice examination and surveillance programs to ensure work is completed in a quality and timely fashion. Mr. Drogan also ensures that the relationship with member firms results in meaningful dialogue between FINRA, Member Regulation and industry representatives and serves as a key contact with the SEC, state securities regulators, and other SROs. Mr. Drogan also has direct responsibility for FINRA’s Membership Application Program, High Risk Registered Representative Program and Senior Helpline. Mr. Drogan received his Finance degree from St. John’s University and his J.D. from Brooklyn Law School. Kristen Dugan, Managing Director and Compliance Executive at Bank of America, is responsible for compliance oversight of client-facing business activities and supervision for the Merrill Lynch Wealth Management and Merrill Edge businesses. She also leads Compliance teams responsible for coverage of operations and banking products offered to wealth management clients and the resolution and reporting of broker dealer customer complaints. In these roles, Ms. Dugan oversees activities relating to monitoring, testing, policies and risk assessments. Her experience includes securities and consumer banking laws as well as anti-money laundering regulations. Ms. Dugan’s tenure at the organization began at Merrill Lynch and she has been with the company for more than 20 years, holding various positions within Corporate Audit and the Defined Asset Funds product area. While in Corporate Audit, she led the team responsible for audit coverage of the Wealth & Investment Management organization, as well as certain enterprise-wide audit functions. Ms. Dugan and her team were responsible for providing an independent assessment of internal business controls and processes and making recommendations in support of the company’s risk framework and business strategies. Ms. Dugan also served several years on the Bank’s Global Diversity & Inclusion Council. Prior to joining Merrill Lynch, she worked at KPMG and was responsible for financial statement audits for various financial institutions. Ms. Dugan holds a bachelor’s degree in accounting from Rider University, is a Certified Public Accountant and holds the FINRA series 24 license. Laurie Dzien is Chief Privacy Officer and Associate General Counsel, Data Privacy and Protection at FINRA. In this capacity, she is responsible for the design, implementation, execution, and management of FINRA’s information safeguarding policies and practices. Ms. Dzien has worked for FINRA for 12 years, spending her first five years as a corporate attorney in the Office of General Counsel. For the past seven years, her work with FINRA has been concentrated on privacy and information security issues. Prior to joining FINRA, Ms. Dzien worked as a civilian contracts attorney with the U.S. Naval Air Systems Command. Ms. Dzien earned a bachelor’s degree from the University of Wisconsin, a law degree from Temple University School of Law and a master of laws degree in International Legal Studies from American University Washington College of Law. Ms. Dzien holds a Certified Information Privacy Professional certificate (CIPP/US) and is an active member of the International Association of Privacy Professionals (IAPP). Noah Egorin is Product Manager and Senior Director in FINRA’s Registration and Disclosure’s Business Development and Innovation Unit. His primarily areas of responsibility is leading FINRA’s effort to modernize and transform the products the industry utilize for meeting registration and disclosure obligations. Mr. Egorin is also focused on utilizing FINRA’s information, analyses, and unique role to create new products that benefit the financial services industry. Prior to taking on his current role, Mr. Egorin led FINRA’s Firm Compliance Tools unit. He has focused on developing tools to assist broker-dealers with compliance activities. His efforts have focused on compliance tool offerings associated with variable annuity exams, mutual funds, and municipal bond disclosure. In this role, Mr. Egorin had responsibility for the FINRA Report Center (and associated Report Cards), FINRA’s Online Manual, and other interactive tools. Mr. Egorin has also supported FINRA’s efforts to syndicate investor education materials and developing data interfaces for FINRA systems. Prior to joining FINRA, Mr. Egorin served as Group Manager for the Product Planning practice of the Adrenaline Group, a Washington, DC-based consulting firm that assisted firms with commercial product development, and also spent time as Program Manager on the Microsoft Office team in Redmond, WA. Mr. Egorin holds a BS in Computer Science from Washington & Lee University. Rosemarie Fanelli is Deputy Unit Leader, Member Regulation—Risk Oversight and Operational Regulation (ROOR). In this capacity, she oversees the ongoing surveillance for approximately 200 firms, some of which are the largest and most systemically important member firms for compliance with the financial, operational and business conduct rules. She has been with FINRA since its inception in 2007. Prior to joining FINRA, she spent 20


years at the New York Stock Exchange in similar roles. She graduated from Manhattan College with a Bachelor’s of Science degree, double majoring in Finance and Computer Information Systems, holds an M.B.A. in Financial Management from Pace University’s Lubin School of Business, and a Master’s in Science degree in Risk Management from New York University’s Stern School of Business. James Fiebelkorn is Vice President and the Global AML Officer for Ameriprise Financial Inc, where he leads the enterprise AML, Sanctions, Anti-Bribery and Anti-Fraud programs. Mr. Fiebelkorn is responsible for managing a global team across Ameriprise’s wealth management, trust, asset management, and insurance businesses. Prior to joining Ameriprise, Mr. Fiebelkorn was a Director and the AML Officer for Pershing LLC, a BNY Mellon company. He was responsible for the management of a global AML team, creating policy, enhancing surveillance systems and communicating with regulatory and law enforcement agencies. Prior to joining Pershing, Mr. Fiebelkorn was a Vice President for Lehman Brothers in the Financial Crimes Prevention and Intelligence Department where he managed a team that conducted enhanced due diligence on high-risk clients. Mr. Fiebelkorn is a participant in numerous industry associations and represents Ameriprise on the SIFMA Anti-Money Laundering and Financial Crimes Committee. Mr. Fiebelkorn holds a Master of Science degree from the University of Michigan and is a graduate of Colby College. He holds Series 7 and 24 licenses. Eric Field has been with Robert W. Baird & Co. Inc. since 2010, first as Director of Equity Capital Markets Compliance, then as Director of Capital Markets Compliance in 2011, which includes responsibility for all equities and fixed income compliance. He is currently Baird’s Municipal Advisor CCO. From 2003-2010, Mr. Field worked at a mid-size broker dealer near Washington, DC and was responsible for a variety of compliance areas including equities, fixed income, options, public communications, and registrations. Prior to that he worked from 2000-2003 as a TMMS examiner with then NASD, where he conducted examinations of member firms trading desks. Mr. Field has his Masters of Science Degree in Finance from Johns Hopkins University and his B.S. in Finance from West Virginia University. He currently serves on FINRA Series 57 exam writing committee. Nikolai Fisken is Executive Vice President, Head of Institutional Equities and Director of Research for Stephens Inc. Mr. Fisken joined Stephens’ Research Department in 1994 as an associate on the insurance research team and became Head of Institutional Equities in 2016. He was named Director of Research in 2007. Mr. Fisken has been named a Wall Street Journal All-Star Analyst numerous times and has received votes in the Institutional Investor All-Star annual survey for the insurance and FinTech sectors and in the “Best Up-and-Comer” category. Mr. Fisken obtained his B.A. in economics from Denison University in Granville, Ohio and earned the Chartered Financial Analyst (CFA) designation in 1997. He serves as Chairman of the Equity Dealers of America. Kimberly Flanders is Principal Analyst in FINRA’s Advertising Regulation Department. She has served in this role since 2002 and joined the Department in 1996. Prior to joining FINRA, Ms. Flanders was an investigator for the Resolution Trust Company in Washington, DC. Previous to this role, she was a staff member of the Permanent Subcommittee on Investigations, chaired by the former U.S. Senator from Georgia, Sam Nunn. Ms. Flanders received her bachelor’s degree from the University of Georgia. Karrie Foley is Vice President, FINRA, Member Relations and Education. Ms. Foley is responsible for creating and enhancing compliance related tools and resources to help firms comply with FINRA rules. Examples include the Cybersecurity Checklist, the Compliance Vendor Directory, and the Compliance Calendar. In addition, she is the business sponsor for FINRA Firm Gateway which provides consolidated access to regulatory applications and filings; allowing firms to quickly access FINRA systems and tools, gather information, and interact with FINRA. In this role she partners with FINRA technology and business lines, and firms to improve the user experience of Firm Gateway and the systems available in it. On another front, Ms. Foley led the selection and implementation of FINRA’s Events Mobile application and assumed responsibilities supporting the FINRA Industry Education Program. Prior to taking on this role, Ms. Foley lead Product Management for the Registration and Disclosure (RAD) and Testing and Continuing Education (CE) programs. Ms. Foley is a graduate of Virginia Polytechnic and State University where she earned a Bachelor of Science Degree in Business Management. Jeffrey Fortune is Examination Director in FINRA Member Regulation, responsible for managing the Alternative Net Capital and IT examination programs. Prior to his current role, Mr. Fortune was a Surveillance Director within Member Regulation and served as Risk Lead for the Operational and Customer Protection risks. Prior to his tenure at FINRA, Mr. Fortune worked in the Regulatory Reporting areas at both Lehman Brothers and Merrill Lynch, performing the Net Capital and Reserve Formula computations. At Lehman Brothers, Mr. Fortune also served as Vice President of Operations Control, primary responsible for the firm’s compliance with Possession & Control. Mr. Fortune holds a bachelor’s degree in Accounting from St. Peter’s College.


Jason Foye is Examination Manager in FINRA's AML Unit and in that role is responsible for managing AML investigations, consulting with FINRA staff around the country on AML-related issues as well as developing and delivering AML training to FINRA staff and the industry. Mr. Foye has been with FINRA for more than 10 years and previously worked as an examiner in both the Florida District and AML Unit. Mr. Foye is a Certified Anti-Money Laundering Specialist and a Certified Fraud Examiner. Fred G. Fram joined Summit in January of 2010 and currently oversees the firm’s Compliance and Operations Departments. Mr. Fram has more than 20 years of broker-dealer experience. During his career, Mr. Fram has held senior management positions in accounting, compliance and operations. He has been involved in multiple acquisitions / integrations and clearing firm conversions. Mr. Fram serves on FINRA’s Membership Committee and has previously served on FINRA’s Licensing and Registration Council and Regulatory Element Continuing Education Content Committees. He earned both his bachelor’s degree and master’s degree in business administration from the University of Texas, in Austin. Cynthia Friedlander is Senior Director, Fixed Income Regulation within FINRA Regulatory Operations. Ms. Friedlander is responsible for directing FINRA’s policies and national programs related to fixed income securities, including related regulatory matters in FINRA District Offices. Specifically, she is responsible for the design, development and delivery of fixed income policy guidance to staff throughout FINRA, as well as to member firms, and is one of FINRA’s primary representatives in fixed income regulatory matters with the Municipal Securities Rulemaking Board (MSRB) and the Securities and Exchange Commission (SEC). Ms. Friedlander represents FINRA at government agency, SRO, and industry and advisory meetings and is a staff liaison to FINRA’s Fixed Income Committee. She holds a bachelor’s degree in government from the University of Virginia and an M.B.A. with a concentration in finance from George Mason University. Cameron Funkhouser is Executive Vice President of FINRA’s Office of Fraud Detection and Market Intelligence. He has been with FINRA, formerly known as NASD, since 1984, serving in various roles of increasing responsibility with a focus on the surveillance of securities traded on The Nasdaq Stock Market, New York Stock Exchange, American Stock Exchange and the over-the-counter markets. Mr. Funkhouser has extensive experience conducting securities fraud investigations and is regularly called upon by civil and criminal law enforcement authorities to provide training, technical assistance, investigative/litigation strategy consulting and expert testimony. Currently, he is responsible for overseeing the Office of Fraud Detection and Market Intelligence, which includes the Insider Trading and Fraud Surveillance units responsible for monitoring the trading activity of more than 10,000 publicly traded securities, FINRA’s Complaint Center and FINRA’s Whistleblower program. Mr. Funkhouser and his staff have been responsible for uncovering numerous cases of Internet fraud, insider trading, market manipulation, Ponzi schemes and other white collar misconduct, which have been successfully investigated and prosecuted by FINRA, the Securities and Exchange Commission and other law enforcement agencies across the country and internationally. He graduated from Georgetown University with a bachelor’s degree in business and George Mason University with a law degree. Mr. Funkhouser is a member of the Virginia State Bar. Lloyd Glavocich has been an IT professional since 1982, with many years spent in the development, management and support of both the Examination Systems and Surveillance Systems Programs in his 20-year tenure with the New York Stock Exchange’s Regulatory Technology division. He is currently a FINRA Principal IT Examiner with a concentration on Cybersecurity, Data Governance and IT Governance. Mr. Glavocich advises the FINRA examination staff in conducting technology related reviews, in addition to performing reviews for his own examinations. Mr. Glavocich has had professional experience in key areas of IT, including application development, systems administration, database administration, project management and technology controls. Mr. Glavocich was responsible for shepherding the NYSE examination process to the laptop platform for distributed scope execution at member firms in 1995. Mr. Glavocich has also worked for Siemens and Cap Gemini as a developer in an early portion of his career. Kevin T. Gannon serves as Managing Partner of Robert A. Stanger & Co., directing the firm's activities, including mergers and acquisitions, valuation, litigation support and advisory services. Mr. Gannon has been the lead or co-lead banker on real estate consolidation and mergers and acquisition transactions involving over $45 billion of real estate and management-company assets. Mr. Gannon has also been active in the analysis, evaluation and sale of corporate, trust and partnership investments in real estate, oil and gas, equipment leasing, agriculture, and bio-technology. Before joining Robert A. Stanger & Co., Inc. in 1983, Mr. Gannon was a Manager with Deloitte Haskins & Sells, an international accounting firm. Mr. Gannon is a 1978 graduate of Rutgers University, with a bachelor's degree in Accounting and Economics and is a member of Phi Beta Kappa. He is also a Certified Public Accountant


and member of the American Institute of Certified Public Accountants. Mr. Gannon is a General Securities Principal (Series 24). He is registered with FINRA as a General Securities Representative (Series 7 and 63) and an Investment Banking Representative (Series 79). Darya Geetter is Executive Vice President, Deputy General Counsel, at LPL Financial. She is responsible for managing all litigation and arbitration matters impacting the company and its advisors. In earlier roles, Ms. Geeter served as Global Head of Litigation and Deputy General Counsel at MF Global Holdings; Deputy General Counsel and Executive Director at UBS Financial Services; Managing Director and Principal at Bear, Stearns & Co. Inc.; Counsel at Hogan & Hartson LLP; and held several roles at the US Department of Justice, including Senior Trial Attorney in the Civil Rights Division and Assistant U.S. Attorney for the District of Columbia. She clerked for a US District Court judge in New Orleans. Ms. Geeter earned a J.D. from New York University School of Law, a Bachelor of Arts with Honors from the University of Chicago. She is currently on the FINRA NAMC and is Chair of the SIFMA Arbitration Committee. Scott M. Gilbert is Senior Director with FINRA with responsibility for the New York District’s large firm sales practice examination program and the District’s cause examination program. From 2004 through 2013, Mr. Gilbert was employed at UBS Financial Services Inc. in various roles including Executive Director and Head of Compliance for the Wealth Management Advisor Group of UBS, with responsibility for compliance matters and policies relating to the broker-dealer’s financial advisors. From 2006 through 2010, he was Senior Associate General Counsel and head of the group responsible for internal investigations and disciplinary recommendations at UBS. In that role, he advised the firm's management in all aspects of issues related to employee compliance with firm policies and industry rules, regulations and laws. From 2000 to 2004, Mr. Gilbert was Vice President and Senior Counsel with Merrill Lynch & Co., where he was responsible for global regulatory matters and internal investigations. Before that, he was a trial counsel with the Division of Enforcement of the New York Stock Exchange, responsible for enforcing the rules of that self-regulatory organization, investigating customer complaints and prosecuting disciplinary actions. He also was previously a litigation attorney in private practice, with a focus on complex commercial litigation and securities class actions. Mr. Gilbert is a graduate of Columbia University and New York University School of Law. James T. Giles, CFA, CPA serves as the Assistant Director for the Office of Large Firm Monitoring (“LFM”), within the Office of Compliance Inspections and Examinations (“OCIE”), at the U.S. Securities and Exchange Commission. Previously, Mr. Giles was the Assistant Director for the Broker-Dealer Risk Office—Office of Prudential Supervision and Risk Analysis, within the Division of Trading and Markets. In his 14 years at the Commission, he has focused on financial, risk and compliance practices at large financial institutions. Prior to coming to the Commission, Mr. Giles served as Director-Tax Accounting and Analysis at the Federal Home Loan Mortgage Corporation focusing largely on complex debt and derivative instruments. He started his career in public accounting at Coopers and Lybrand, L.L.P. Mr. Giles received his bachelor’s and master’s degree in accounting from the University of Florida. He is a licensed CPA and a Chartered Financial Analyst (CFA) charter holder. Thomas Gira is Executive Vice President of FINRA's Market Regulation Department, which provides regulatory services to The NASDAQ Stock Market's family of U.S. markets, The New York Stock Exchange's family of U.S. markets, the Chicago Board Options Exchange’s markets, the International Securities Exchange, and the Direct Edge and BATS family of U.S. markets. Market Regulation also regulates Trade Reporting Facilities, FINRA’s Alternative Display Facility, the over-the-counter market, and corporate and municipal bonds. By combining FINRA’s trading data with data from its client exchanges, Market Regulation conducts comprehensive cross market equity surveillance for 99 percent of the U.S.-listed equity market and 65 percent of the listed options market. Market Regulation conducts surveillance for, among other things, manipulative trading algorithms, best execution, trade reporting, order exposure rules for options, OATS, Regulation NMS, short sales, fixed income pricing, and Regulation M, and order handling. Before joining FINRA in 1997, Mr. Gira was an Associate General Counsel of The NASDAQ Stock Market, Inc. Prior to that, he was Branch Chief for Options and Derivative Products Regulation within the Division of Market Regulation at the SEC. Mr. Gira is a graduate of Wake Forest University, where he received a bachelor’s degree in economics. He received his J.D. from the University of Maryland. Bill Givens has been in various product related Compliance roles for the past 20 years, 14 of which have been with Morgan Stanley or its predecessor firms. Currently, Mr. Givens heads-up the Products Compliance Team for Morgan Stanley’s Wealth Management Business and serves on the Firm’s New Product Committee. Prior to Morgan Stanley, he worked in the Compliance Departments of a large insurance company and a medium sized independent broker dealer.


Robert D. Gnoinski is Examination Manager in FINRA’s Kansas City District Office where he supervises the planning and execution of the Kansas City District Office’s regulatory programs of member firms. Mr. Gnoinski has been with the organization since 2004 and began his career in the Boston District Office as an Examiner conducting routine examinations of member firms. Prior to joining FINRA, Mr. Gnoinski worked in a branch office of a member firm in operations and compliance. He holds a B.A. in Management from Hartwick College in Oneonta, NY, and received a finance and accounting certificate from the Wharton School through the Wharton Programs for Working Professionals. Angela Carcone Goelzer is Vice President of FINRA’s Office of Regulatory Analysis and has been with the organization since 2003. Prior to joining FINRA, she was Vice President, Investment Company Directors, at the Investment Company Institute, a trade group for the U.S. mutual fund industry. From 1983 to 1991, she served in various capacities at the Securities and Exchange Commission, including Deputy Chief Counsel and Senior Counsel to the Director in the Division of Investment Management. Ms. Goelzer received a BA in political science summa cum laude from Providence College and a JD from Harvard Law School. Gary Goldsholle is Senior Advisor to the Director of the Division of Trading and Markets at the Securities and Exchange Commission (SEC), where he helps lead the Division’s FinTech and RegTech efforts, in areas such as cryptocurrencies, distributed ledger technologies and cybersecurity. From January 2015 until recently, Mr. Goldsholle served as Deputy Director of the Division, with responsibility for the offices of Chief Counsel, Market Supervision, and Clearance and Settlement. These offices play a critical role in the capital markets and cover a diverse range of topics, including market oversight, equity and fixed income market structure, regulation of exchanges, broker-dealers and clearing agencies, as well as legal and policy matters pertaining to broker-dealers and the operation of the securities markets. Prior to joining the SEC, Mr. Goldsholle served as General Counsel of the Municipal Securities Rulemaking Board (MSRB), where he oversaw all of its legal activities, including market regulation, professional qualifications, enforcement support and corporate governance. During his tenure as general counsel, Mr. Goldsholle was involved many high profile matters including the first-ever municipal advisor regulations, best execution and mark-up disclosure requirements, and streamlining and codifying regulations. Previously, Gary worked for over 15 years in FINRA’s Office of General Counsel, most recently as Vice President and Associate General Counsel, with a broad portfolio of regulatory and policy matters including corporate financing, derivatives and sales practice rules. He also worked in the Office of the Chief Counsel, Division of Trading and Markets at the Commodity Futures Trading Commission (CFTC). Mr. Goldsholle began his legal career as an associate at Steptoe & Johnson LLP. Mr. Goldsholle holds a Bachelor of Science degree, cum laude, from Duke University, with majors in computer science and economics, a general course certificate from the London School of Economics and Political Science, and a law degree from the University of Chicago Law School. Susanne Goldsmith is Director of Member Relations and Education, FINRA. Member Relations and Education is tasked with maintaining and enhancing open and effective dialog with FINRA member firms, and developing and providing educational resources for firms’ use. Ms. Goldsmith oversees the development of FINRA conferences and other member firm educational offerings. She manages the FINRA Contact System and works with firms and other departments within FINRA to respond to and address overarching firm issues, and identify tools and services that will help firms meet their regulatory compliance obligations. Previously, Ms. Goldsmith was a Business Analyst in FINRA’s Registration and Disclosure department and prior to that, a Supervisor in the Gateway Call Center. She graduated from the University of Maryland, College Park, with a Bachelor of Arts in Psychology and Criminology. Lourdes Gonzalez is Assistant Chief Counsel for Sales Practices in the Division of Trading and Markets at the U.S. Securities and Exchange Commission. The Office of Chief Counsel has program responsibility for a broad range of broker-dealer issues, including broker-dealer registration, sales practices, supervision, securities arbitration, and anti-money laundering compliance. She is a frequent speaker on these topics, and has represented the Commission both nationally and internationally. In addition, Ms. Gonzalez is the Commission’s representative to the Bank Secrecy Act Advisory Group and she oversees the Commission staff’s participation in the Financial Action Task Force. Prior to joining the Commission, Ms. Gonzalez worked at the U.S. Department of the Treasury. She earned her law degree from George Washington University and her undergraduate degree from Georgetown University. Sarah D. Green is Chief Financial Crimes Officer for Vanguard. Prior to Vanguard, she was Senior Director of anti-money laundering (AML) Compliance in the Member Regulation Department at FINRA. Ms. Green led FINRA’s AML program, including its dedicated AML exam unit. She consulted with both examination and enforcement staff on AML and other legal and policy issues, and trains staff organization-wide on AML and the handling of suspicious activity reports (SARs). She was responsible for FINRA AML policy issues and guidance and training of financial


industry professionals. Prior to joining FINRA, Ms. Green was the Bank Secrecy Act Specialist in the Division of Enforcement’s Office of Market Intelligence (OMI) at the U. S. Securities and Exchange Commission (SEC). In this role, she oversaw the Commission’s review and use of SARs, consulted with Enforcement staff on AML and SAR handling issues, and facilitated information sharing between Enforcement and SEC’s Office of Compliance Inspections and Examinations (OCIE). Prior to joining OMI, Ms. Green was a Branch Chief in OCIE, managing the Commission’s AML examination program for broker-dealers, including developing examination modules and coordinating with self-regulatory organization staff on all aspects of AML examination and enforcement. Ms. Green represented FINRA on the Bank Secrecy Act Advisory Group, which advises the Financial Crimes Enforcement Network and the Department of Treasury on AML issues. She is a frequent speaker on AML, and regularly provides technical assistance to domestic and international audiences. Prior to joining the SEC, Ms. Green was an attorney at Gardner Carton & Douglas LLP (n/k/a Drinker Biddle & Reath LLP). Ms. Green received her J.D. from the William and Mary School of Law and her B.A. from Hamilton College. David Greene is District Director of FINRA’s Los Angeles District 2 Office. He served in the same role at NASD before its 2007 consolidation with NYSE Member Regulation, which resulted in the formation of FINRA. In his capacity as District Director, Mr. Greene oversees the sales practice oversight process of FINRA-regulated securities firms based in District 2, as well their employees, with responsibility for ongoing surveillance, examinations and investigations. In January 2000, Mr. Greene joined FINRA (then NASD) as a regional counsel for FINRA’s Enforcement Department, and was based in the Los Angeles District Office. For two-and-a-half years preceding his appointment as Director, Mr. Greene served as the Deputy Regional Chief Counsel, FINRA Enforcement Western Region, where his responsibilities included managing enforcement attorneys in FINRA district offices of Los Angeles, San Francisco, Denver and Seattle; developing and overseeing FINRA’s national non-summary proceedings programs; as well as his own enforcement docket. Among the significant cases Mr. Greene handled were those involving mutual fund share classes, gifts and gratuities, market timing, brokered certificates of deposit, sales practice violations and operational compliance issues. Prior to joining FINRA, Mr. Greene was associated with a law firm in Los Angeles for 10 years. Mr. Greene received his undergraduate degree from Pepperdine University and his law degree from Southwestern University School of Law. Mr. Greene is licensed to practice law in California, and is admitted to practice before various federal courts. He is an executive committee liaison of the Los Angeles County Bar Association Business & Corporations Law Section and is frequently a speaker at securities industry events. Mr. Greene is also designated as a Certified Regulatory and Compliance Professional™ through the FINRA Institute at Wharton. Stephanie Gregory is Principal Analyst in FINRA's Advertising Regulation Department on the Complex Review Team. Prior to joining FINRA in 2004, Ms. Gregory worked in compliance and advertising review with a member firm. Ms. Gregory received a bachelor’s degree in Economics and Political Science from Boston University, and her law degree from Pennsylvania State University Dickinson School of Law. Marion Halliday, Senior Vice President of Janney, Montgomery, Scott LLC, is originally from Louisville, Kentucky. She received her BA with honors in History from Dartmouth College and then graduated from University of Virginia School of Law, where she was a Dillard Fellow and served on the editorial board of the JOURNAL OF LAW AND POLITICS. After law school, she clerked for a federal appellate judge, the Honorable Boyce F. Martin, Jr. of the Sixth Circuit. Ms. Halliday then practiced corporate law at Kentucky law firm, Frost, Brown, Todd (formerly Brown, Todd & Heyburn). She was subsequently appointed head of the Kentucky Division of Securities where she led a group of industry representatives, lawyers, and scholars in the re-writing of the Kentucky Securities Act. At the conclusion of her government appointment, she became Associate Director of Compliance at Hilliard Lyons. Then, in 2009, Ms. Halliday joined Janney, Montgomery, Scott LLC as Chief Compliance Officer for the Private Client Group; in 2014, she became Chief Compliance Officer for the Firm. In addition to her compliance responsibilities at Janney, she, along with other senior women leaders, co-founded “WIN,” Janney’s Women’s Interactive Network. Ms. Halliday is a respected industry leader and public speaker, serving on various SIFMA and FINRA advisory committees and programs. In addition to her legal license, she holds various industry licenses including the Series 7, 14, 24, and 66. For several years, Ms. Halliday served on the FINRA Series 24 Content Committee, which assists FINRA in developing test questions for various supervisory licenses including the Series 24, 23, 72 and 11, as well as served on the FINRA CE Council. She is also an active member of SIFMA’s Compliance Regulatory Policy Committee as well as the Regional Firms GC and CCO working group. When she is not working, Ms. Halliday is a board member of the Philadelphia-based non-profit Legacy Youth Tennis foundation. Robert “Bob” Hamman entered the investment profession in 1976 and is serving as President and CCO for First Asset Financial Inc. and two RIAs. Currently Mr. Hamman is serving a three year term on the Small Firm Advisory Committee (SFAC) representing 14 states. The SFAC reviews and comments on all new and amended FINRA rule


proposals, and provides guidance to FINRA staff regarding the potential impact of proposed regulatory initiatives on FINRA's small firms, hopefully preventing “unintended consequences” for small firms. Mr. Hamman has also served on the Regulatory Advisory Committee (RAC) and was elected to the FINRA District Committee (Kansas City) in 2013 for a term ending in 2016. Mr. Hamman has a Bachelor’s and Master’s Degree from Emporia State University and currently sits on their Foundation Board of Trustees. Patricia Hatzfeld is Senior Director in FINRA’s Member Regulation Sales Practice Department working in the New York, NY District Office leading national initiatives and projects and assisting in the oversight of the District Offices. Ms. Hatzfeld has been working at FINRA for over 12 years. Ms. Hatzfeld began her career in the Securities Industry as a Financial and Operations Principal. She is a Certified Public Accountant and holds a Master’s Degree in Economic Crime Management. Her tenure at FINRA includes seven years as an Examiner and four years in management positions in the New York Region District Offices where she was responsible for the scheduling, planning, supervision and review of sales practice examinations of member firms. In her role as Senior Director, Ms. Hatzfeld is responsible for assisting in overseeing the national examination programs and policies as well as leading certain initiatives such as the High Risk Registered Representative Program and Examination Unit, Blotter Analytics, Special Examination Sweeps, and Annual Sales Practice Examination priorities. In the examination space, Ms. Hatzfeld serves as the Senior Director of the High Risk Registered Representative Unit. As a Regulatory Specialist in the areas of Fraud and Non-traded REITs, she has led initiatives and training sessions in the areas of Non-traded REITs and BDCs, Anti-Money Laundering, and Securities and Investment Fraud investigation techniques. Ms. Hatzfeld also worked in FINRA’s Office of Risk developing more initiatives to enhance FINRA’s risk based examination program. Bari Havlik is Executive Vice President for Member Supervision. In this capacity, Ms. Havlik leads FINRA’s Member Regulation program, which includes surveillance and examination programs for member firms. Previously, Ms. Havlik was a Senior Vice President and Chief Compliance Officer for The Charles Schwab Corporation. She began her career in financial services in 1982, and has worked for discount brokerage, full service retail and institutional securities firms, as well as bank-affiliated broker-dealers. Ms. Havlik received her undergraduate degree from DePaul University. She serves on the board of Creativity Explored, a non-profit that gives artists with developmental disabilities the means to create and share their work with the community, celebrating the power of art to change lives. Before relocating to New York, she also served on the board of GirlVentures, a non-profit that inspires girls to lead through outdoor adventure, inner discovery and collective action. Elizabeth Heimlich is Associate Program Director in FINRA’s Office of the Ombudsman. The Office of the Ombudsman provides a neutral, independent, confidential and informal forum for FINRA constituents to voice their concerns about operations, enforcement, or other FINRA activities or staff. In her role as an Ombudsman, Ms. Heimlich conducts independent reviews of constituents’ concerns and works toward the identification and evaluation of positive solutions for all parties involved. From September 2006 until September 2016, she was part of FINRA’s Financial and Operational Policy Department of Member Regulation, most recently as a Financial Analyst, Senior Specialist. Prior to accepting a position with FINRA, she spent 10 years in the securities industry. Her previous industry position was as Chief Financial Officer of an independent broker/dealer in Dayton, OH where she held Series 7 and 27 licenses. Peg Henry is Deputy General Counsel of Stifel Financial Corp, where she is responsible for all legal matters concerning the Municipal Finance Group. Ms. Henry has worked in the municipal bond industry since 1981 in private practice, federal and local government, and investment banking. She has served as General Counsel for Market Regulation of the Municipal Securities Rulemaking Board, Attorney-Adviser for the Securities and Exchange Commission’s Office of Municipal Securities, Tax Counsel to the Majority Tax Staff of the Ways and Means Committee of the U. S. House of Representatives, Attorney-Adviser to the U.S. Treasury Department, and Tax Counsel to New York City’s Office of Management and Budget. She was also in-house counsel for the municipal securities groups of Jefferies LLC and UBS Securities. Ms. Henry received a bachelor's degree from Georgetown University and law degrees from George Washington University. Jeffrey Herrmann has been with FINRA for 12 years. He began his career in 1996, obtaining his series 7 and 63 registrations while conducting Broker Dealer sales to U.S. Retail and European Institutional Clients. Three year later, he joined the Market-Making Desk of Knight Capital Group where he obtained his series 55 registration. At Knight, Mr. Herrmann conducted Institutional Sales and Trading, specializing in semiconductor trading, merger arbitrage and technical analysis of cash and futures markets. Prior to joining FINRA, Mr. Herrmann also worked as an Operational Risk Specialist in the Global Asset Management business of a top-tier Broker-Dealer and traded his own capital as a registered Proprietary Equity Trader. Currently, Mr. Herrmann is a Manager of FINRA’s Large


Firms Cycle Examination Team. Additionally, he works with FINRA’s Regulatory Specialist Program as a member of the Trading and Market Risk and Controls Subject Matter Expert Group and hosts the program’s national conference calls on Algorithmic, Direct Market Access, High Frequency and Proprietary Trading Controls. John Hitchingham is Director of Performance Engineering at FINRA, where he is responsible for driving technical innovation and efficiency across a Cloud application portfolio that processes more than 75 billion market events per day to detect fraud, market manipulation, insider trading and abuse. Mr. Hitchingham has been with FINRA (previously NASD) for 13 years, ensuring the successful delivery of internal and Member-facing systems that integrate analytics, data management, data services, and web. Prior to FINRA, Mr. Hitchingham was a consultant at The Adrenaline Group where he provided technical design and consulting services to startup, media, and telecommunications clients. He began his career in 1994 with SRA (now CSRA) working in financial systems. Mr. Hitchingham has a bachelor’s degree in Electrical Engineering from Rutgers University. Ivy Ho, Vice President of Technology at FINRA, leads development of technologies to enable FINRA’s Registration and Disclosure division. She oversees technology development for registration systems and other applications on FINRA.org. Previously at FINRA, she was responsible for a diverse portfolio of enterprise applications supporting multiple FINRA business units and external users. Ms. Ho is a technology leader with more than 32 years’ experience in technology. Prior to joining FINRA in 2003, Ms. Ho spent seven years in leadership roles working with large corporate clients in delivering innovative technology solutions to drive business strategy. Before that, Ms. Ho spent over 10 years building software products as an architect at Marriott International and as a manager, consultant, and software engineer at General Electric. Jessica Hopper is FINRA’s Senior Vice President and Deputy Chief of Enforcement, responsible for the Regional Enforcement program in the 14 FINRA District Offices throughout the country. She joined FINRA Enforcement in 2004 and served as a Director in FINRA’s Washington D.C. home office until 2011. Prior to joining FINRA, from 2000 to 2004 she was part of Legg Mason Wood Walker, Inc.’s Legal & Compliance team, where her responsibilities focused on retail sales compliance. She began her career as a litigation attorney in private practice. Patricia Horan Latham is an attorney, arbitrator, and mediator. She has practiced law for more than 40 years and is a member of the District of Columbia Bar. She serves as an arbitrator for FINRA. Prior to serving as an arbitrator for FINRA, she served on the New York Stock Exchange panel of arbitrators. She has served on the panel of arbitrators and mediators of the American Arbitration Association for more than 30 years, handling cases in the employment and commercial areas. Arbitration cases involve a wide range of matters, including: corporate, securities, banking, real estate, and employment. Her professional experience includes: partner, Latham & Latham; partner, Martin & Smith; lecturer, Catholic University of America Law School; and attorney, Office of General Counsel, Securities and Exchange Commission. Law practice involved matters in the corporate, securities, banking, real estate, and employment areas. Court admissions include: Supreme Court of the United States and District of Columbia Court of Appeals. She is a co-author of eight books on legal topics, including: Special Education Law, published by Pearson (2007), and of legal chapters for twelve books, including: Textbook of Pediatric Neuropsychiatry, published by American Psychiatric Press, Inc. (1998). She has participated in numerous presentations on arbitration, mediation, employment and education topics for various conferences, including: Virginia State Bar (moderator/mediator, Mock Employment Mediation Training), Virginia Manufacturers’ Association (arbitration and mediation), American Psychological Association National Conferences, University of Georgia/Roosevelt Warm Springs Institute for Rehabilitation, Court TV-Washington Watch, and Conference on Disability, Aging and Dispute Resolution sponsored by AARP, Consortium for Citizens with Disabilities, and American Bar Association. Board and committee experience: Board of Directors, Tyndall Federal Credit Union; Chairman, Supervisory Committee, Tyndall Federal Credit Union; President, Learning Disabilities Association of America; and Disabilities Advisory Committee, GED Testing Service. She is a graduate of Swarthmore College, B.A. and University of Chicago Law School, J.D. Listings include: Who’s Who in America and Martindale-Hubbell AV Preeminent rating. Kavita Jain is Director in the Office of Emerging Regulatory Issues within FINRA’s Department of Risk and Strategy. In this role, she assists the Office in identifying and analyzing new and emerging risks and trends related to the securities industry, and developing strategic responses to potential issues. Some examples of current areas of her work include FinTech, blockchain technology, artificial intelligence, RegTech and online capital-raising platforms. During her tenure at FINRA (previously NASD), Ms. Jain has served in key positions in the Offices of Emerging Regulatory Issues, Finance and Strategic Planning. Ms. Jain has an M.B.A. from the University of Southern New Hampshire and a CRCP™ Certification from the FINRA Institute at Wharton.


Kimberly Johnson is Vice President of Marketing Regulatory Review at LPL Financial. In this role, she is responsible for the oversight of all communications with the public disseminated by LPL or their advisors to ensure compliance with FINRA Rule 2210, applicable regulatory and state requirements and LPL policies. This includes retail and institutional communications, advisor use only content, corporate communications, research materials, social media and information prepared for advisor use with their clients and/or prospects. Ms. Johnson has accumulated more than 17 years of industry experience and has held various compliance roles in a similar capacity at MetLife, MassMutual and TradeKing. She graduated from the University of Connecticut at Storrs with a BA in communications and holds FINRA series 4, 7, 24, and 63 licenses. Chip Jones is Senior Vice President of Member Relations and Education for FINRA. In leading the Member Relations and Education Department, Mr. Jones’ responsibilities include maintaining and enhancing open and effective dialog with FINRA member firms. Mr. Jones also oversees FINRA’s Member Education area, which includes FINRA conferences and other member firm educational offerings such as the FINRA Institute at Georgetown for the Certified Regulatory and Compliance Professional (CRCP)® designation. Prior to joining FINRA, Mr. Jones spent six years as Vice President of Regulatory and Industry Affairs at American Express Financial Advisors (AEFA). Previous to AEFA, he spent two years as Advocacy Administrator for the Association for Investment Management and Research (AIMR). Mr. Jones was employed by the Virginia Securities Division as a senior examiner/investigator prior to joining AIMR. Elizabeth Kaplan is Senior Vice President and Chief Compliance Officer for J.J.B. Hilliard, W.L. Lyons, LLC and Hilliard Lyons Trust Company, LLC. She joined Hilliard Lyons in 2002. Prior to joining Hilliard Lyons, Ms. Kaplan was an attorney in the Corporate and Securities departments of Greenebaum Doll & McDonald PLLC (now Bingham Greenebaum Doll) in Louisville, Kentucky and Debevoise & Plimpton in New York, New York. She is admitted to the bar in New York and Kentucky. Elizabeth received her B.A. from Columbia College, summa cum laude, in 1993 and her J.D. from Harvard Law School, cum laude, in 1996. Ms. Kaplan has served on the boards of various local civic and charitable organizations. She is currently a member of the Board of Directors of Stage One, Children’s Theater and of Junior Achievement of Kentuckiana. Dave Kelley is Surveillance Director based out of FINRA’s Kansas City District office, and has been with FINRA for seven years and leads the regulatory surveillance team based in Kansas City. Mr. Kelley also leads FINRA’s Sales Practice exam program for cybersecurity and the Regulatory Specialist team for Cyber Security, IT Controls and Privacy. Prior to joining FINRA, he worked for more than 19 years at American Century Investments in various positions, including Chief Privacy Officer, Director of IT Audit and Director of Electronic Commerce Controls. He led the development of website controls, including customer application security, ethical hacking programs and application controls. Mr. Kelley is a CPA and Certified Internal Auditor, and previously held the Series 7 and 24 licenses. Christopher Kelly serves as Senior Vice President of Sales Practice Enforcement within FINRA’s Enforcement Department. As Senior Vice President, Mr. Kelly oversees the work of the Enforcement Staff in 14 FINRA District Offices throughout the country. He joined FINRA in 2014 and served as Chief Counsel in FINRA’s North Region until early 2018. Prior to joining FINRA, Mr. Kelly served as Deputy Chief of the Criminal Division at the U.S. Attorney’s Office for the District of New Jersey. In that role, Mr. Kelly supervised more than 35 Assistant U.S. Attorneys in the Office’s white collar units: Economic Crimes, National Security, Healthcare and Government Fraud, and Cybercrime. Prior to his promotion to the position of Deputy Chief, Mr. Kelly served as the Chief of the Economic Crimes Unit at the U.S. Attorney’s Office, where he oversaw the Office’s prosecution of complex economic crimes, including crimes involving insider trading, securities fraud, tax evasion, bank fraud, corporate fraud and embezzlement. Mr. Kelly also served as the lead prosecutor on numerous criminal prosecutions. Mr. Kelly graduated from Duke University and Harvard Law School. Prior to joining the U.S. Attorney’s Office, he was an associate at the law firm Dechert LLP. Mr. Kelly also clerked for the Honorable Joseph E. Irenas, U.S. District Court Judge for the District of New Jersey. Boris Khentov is President of Betterment Securities, the FINRA member broker-dealer entity of the first and largest independent robo-adviser. Since launching in 2010, Betterment has grown rapidly, and today manages $13 billion in assets for 350,000 customers. In the process, it has raised $275 million in venture capital. Mr. Khentov oversees all of Betterment's operations. He was an early employee, bringing a mix of engineering and legal experience to a leadership role, working closely with teams of software engineers to automate and scale Betterment’s back office operations across multiple regulated entities. He played a key role in the development of Betterment’s suite of automated tax optimization services, including tax-loss harvesting and asset location. He also led design of the regulatory framework for Betterment for Business, the company’s direct-to-employer 401(k) offering. Before joining


Betterment, Mr. Khentov practiced tax and capital markets law at Cleary Gottlieb Steen & Hamilton LLP, and has a J.D. from Northwestern Law. Prior to that, Mr. Khentov was a software engineer at Antenna Software, and has an A.B. in Computer Science from Harvard University. Scott M. Kirwin is Vice President and Associate General Counsel in the Brokerage and Wealth Management group of the legal department of Fidelity Investments. In his current role, Mr. Kirwin serves as the Chief Legal Officer for Strategic Advisers LLC, the Fidelity registered investment adviser responsible for the money management aspects of Fidelity’s managed account, asset allocation and financial solutions products. As part of his role, Mr. Kirwin and his team support Fidelity’s retail, workplace and intermediary managed account offerings, its digital investment advisory program, and its financial planning products and services. In addition, Mr. Kirwin provides legal support for Fidelity’s Personal Investing and Workplace Investing business units. During his time at Fidelity, Mr. Kirwin has supported a number of Fidelity divisions and business units in various capacities, including the Global Asset Allocation Division, the Portfolio Advisory Services group, the Strategic Advisers group of mutual funds and Fidelity’s 529 educational savings vehicles. Prior to joining Fidelity, Mr. Kirwin was an associate with Ropes & Gray LLP, where his practice focused on the representation of mutual funds and their advisers, closed-end fund offerings, private fund advisers and leveraged finance transactions. Mr. Kirwin earned a J.D., cum laude, from Harvard Law School in 2001, where he was Executive Editor of the Harvard Human Rights Journal and an Instructor of Legal Reasoning and Argument. He received a Bachelor of Science in Political Science, summa cum laude, from Northeastern University in 1998. Stephen Kohn has been employed in the financial services industry since 1984, to which he has devoted most of his working life. Founded in 1996, Mr. Kohn owns and operates a FINRA small member firm, Stephen A. Kohn & Associates, Ltd. (SAKL) located in Lakewood, Colorado. SAKL is a small, full service, independent broker/dealer, catering to the needs of 28 independent representatives and their clients, with office locations in seven states, registered in 35. Mr. Kohn has been elected, by the Small Firm Membership, to the FINRA Board of Governors, to represent their interests and issues at the highest levels. Mr. Kohn has been twice elected to the National Adjudicatory Council (NAC) by FINRA’s small firms, first in 2009 and again in 2014. His second term on the NAC, as one of two small firm members, runs until the end of 2017. The NAC is FINRA’s appellate division, hearing appeals to enforcement decisions and other issues. Mr. Kohn serves on the NAC’s Sanction Guideline Review and Revision Sub-Committee. This sub-committee has been convened to review the guidelines, ensure that sanctions in appeals that are upheld by the NAC are fair and appropriate and to recommend revisions to the Sanction Guidelines as needed. He is also an industry arbitrator and currently serves on the District 3 Committee. In his more than three decades in the Securities Industry, Mr. Kohn has been employed at a plethora of large and small firms as well as his own. Of all the firms at which he has been employed, only two are still in business and one of them is Stephen A. Kohn & Associates, Ltd. Mr. Kohn holds the following securities licenses: Series, 7, 24, 53, 63, 72, 73, 79 and 99. He graduated from C.W. Post College of Long Island University in 1964 with a BA degree. He has also served in the U.S. Coast Guard. Dan Kosowsky is Managing Director at Morgan Stanley, and is Director of Compliance for Institutional Securities—Americas. Previously, he was Director of Compliance for Morgan Stanley Wealth Management, and has also held a number of senior positions in the Morgan Stanley Legal Department. Before joining Morgan Stanley in October 2004, Mr. Kosowsky practiced corporate law at Cravath, Swaine & Moore LLP, specializing in securities and M&A transactions. He graduated magna cum laude from both Harvard College and Harvard Law School. Demetrios Koutros has been with FINRA since its inception in 2007 and was previously with the New York Stock Exchange in similar roles. In his role as Deputy Unit Leader within Member Regulation, Mr. Koutros has responsibility for the surveillance of approximately 200 firms’ compliance with financial, operational and sales practice rules. He is also involved with the development and rollout of FINRA’s new Risk Platform Redesign, which is utilizing a new methodology and technology to advance the surveillance of member firms. Prior to his tenure at FINRA, Mr. Koutros worked in managerial roles at Prudential Securities, Citigroup and National Financial Services in the area of Regulatory Reporting and Operations Control. Mr. Koutros holds a bachelor’s degree from Pace University. Brian Kovack is Co-Founder and President of Kovack Financial, a national full-service independent broker-dealer and registered investment advisor based in Fort Lauderdale, Florida. In this role, Mr. Kovack oversees the firm’s day-to-day operations and serves as a strategic partner to its 400 affiliated independent financial advisors across the country. Most recently, Mr. Kovack was elected to the Financial Industry Regulatory Authority (FINRA) Board of Governors and is serving a three-year term to end in August, 2018. Prior to the current FINRA Board, in 2006 Mr. Kovack was elected to serve as the Industry Representative on the NASD Board of Governors and the FINRA


Interim Board of Governors. In addition, he completed a three-year term on the FINRA District 7 Committee, and served a one-year term on the FINRA Regulatory Advisory Committee in 2013. Mr. Kovack received a Bachelor of Science in Finance from the University of Florida, where he played varsity football for Coach Steve Spurrier, earning two Letters and SEC Academic Honor Roll awards. He earned a Master of Accounting and Juris Doctorate (JD) degrees from Nova Southeastern University and has been a member of the Florida Bar and American Bar Association since 2000. In 2004, Mr. Kovack graduated from the FINRA Institute at Wharton Program at the University of Pennsylvania, where he earned the Certified Regulatory and Compliance Professional™ (CRCP™) designation. He has served as a FINRA Dispute Resolution arbitrator since 2003 and has been a Hearing Officer for FINRA disciplinary hearings. Mr. Kovack maintains the Series 7, 24, 27, 53, 63 and 65 licenses. Evelyn Kriegel is Deputy District Director for FINRA’s Long Island Office since 2014. Ms. Kriegel has spent her 29-year career in regulation starting as a Financial Operational Examiner with NYSE Regulation. Ms. Kriegel has held many roles in her career including Regulatory Coordinator, Manager of Investor Complaints/Qualifications & Registrations and Surveillance, as well as Associate Director in the cycle examination program upon the merger with NASD in 2007. As an Associate Director, Ms. Kriegel managed a team that was responsible for handling cycle, branch and cause exams for an assigned group of firms. Ms. Kriegel is a graduate of Iona College in New Rochelle with a degree in Finance. Jon Kroeper is Executive Vice President of the Quality of Markets Section of FINRA’s Market Regulation Department. The Quality of Markets Section is responsible for the conduct of post-trade surveillance and investigations related to data integrity, market conduct rules, and trading-manipulation matters in the U.S. equity and fixed income markets regulated by FINRA as a self-regulatory organization and as a provider of regulatory services to other U.S. SROs. Prior to joining FINRA's predecessor NASD in early 2007, Mr. Kroeper served as Counsel to U.S. Securities and Exchange Commission Chairman Chris Cox in 2006 and 2007, and Counsel to Commissioner Paul S. Atkins in 2005. From 2000 to 2005, Mr. Kroeper was First Vice President and Associate General Counsel for Instinet Group Incorporated. Mr. Kroeper began his career at the U.S. Securities and Exchange Commission in 1994, serving as a senior counsel in the Division of Market Regulation and subsequently as Counsel to Commissioner Laura S. Unger. Mr. Kroeper received a bachelor’s degree from Georgetown University and a law degree, cum laude, from Chicago-Kent College of Law. Wendy Lanton has been in the financial services industry for more than 20 years. She is one of the founding principals of Lantern Investments, a FINRA registered broker dealer, and Lantern Wealth Advisors, an SEC registered investment advisor. She has been the Chief Compliance Officer of Lantern Investments since its inception in 1993. The firm has multiple business lines and currently has 46 registered representatives and operates 13 branch offices across the country. Ms. Lanton is responsible for both the firm’s compliance and the day-to-day operations. In December 2015 she was appointed to the FINRA Small Firm Advisory Committee and presently serves as the committee’s chairperson. She also currently serves on the Steering Committee for her firm’s current clearing firm and was the co-chairperson on the steering committee at her previous clearing firm. As a steering committee member, her industry experience is called upon to help direct both compliance and technology resources. Ms. Lanton has also served as the chairperson for multiple Compliance Forums for retail brokerage firms. She was a panelist/speaker at the FINRA Annual Conferences in 2014, 2016 and 2017. Her industry perspective was called upon to discuss topics such as Anti-Money Laundering, Top Regulatory Concerns and Effective Risk Based Examinations. In February 2016 Ms. Lanton served as a panelist representing small firms at the Cybersecurity Conference. She has written numerous compliance-centric articles focusing on topics ranging from client suitability to cyber-security. Ms. Lanton graduated from George Washington University where she majored in International Finance. Becki LaPorte is Vice President and AML Compliance Officer for Advisor Group. The four broker-dealers that comprise Advisor Group are FSC Securities, Royal Alliance Associates, SagePoint Financial and Woodbury Financial Services. Advisor Group is one of the largest networks of independent broker-dealers in the United States. Ms. LaPorte’s team is responsible for reviewing and investigating activity across the financial crime spectrum including AML, fraud, and account intrusion. Prior to Advisor Group, Ms. LaPorte served as an Associate Director and Lead Compliance Trainer for FINRA. She developed and delivered training to FINRA examiners and investigators. She also provided guidance and consultation on open examinations and investigations specific to fraud and AML. She possesses nearly 20 years of financial services experience. She is a Certified Anti-Money Laundering Specialist (CAMS) and a Certified Financial Crime Specialist (CFCS). She also serves as a member of the ACFCS Advisor Board.


Rochelle (Shelly) B. Lazarus joined Ogilvy & Mather Worldwide in 1971, becoming president of its U.S. direct marketing business in 1989. Ms. Lazarus subsequently became president of Ogilvy & Mather New York and president of Ogilvy & Mather North America before becoming president and chief operating officer of the worldwide agency in 1995. She served as chief executive from 1996 to 2008 and chairman from 1997 through June 2012. Ms. Lazarus currently serves as a director of Merck & Co., Inc., General Electric, Inc., and Blackstone. She serves on the Business Board of the Department of Defense, the boards of The NYC Partnership, The World Wildlife Fund and Lincoln Center for the Performing Arts. She is also a trustee of the New York Presbyterian Hospital and is a member of the Board of Overseers of Columbia Business School. She is a member of The Council on Foreign Relations. Ms. Lazarus received an M.B.A. in Marketing from Columbia University in 1970 and an undergraduate degree in Psychology from Smith College. Miriam Lefkowitz is Chief Legal Officer of Summit Equities, Inc. and Summit Financial Resources, Inc. She joined Summit as its Chief Legal Officer and Chief Compliance Officer in 2014. The dually registered independent contractor firm specializes in financial planning and model portfolio asset management. Previously, Ms. Lefkowitz served as General Counsel of Shufro, Rose & Co., a New York based BD/IA that provided discretionary fee and commission-based asset management in individually managed accounts to retail clients. Prior to joining Shufro, Ms. Lefkowitz served as General Counsel and Chief Compliance Officer, and Member of the Board of Directors of J.B. Hanauer & Co., a full service, retail BD/IA which specialized in municipal bonds. Before going in-house, Ms. Lefkowitz served as Senior Counsel in the Enforcement Division of the Securities & Exchange Commission and practiced law at a firm in Miami. Ms. Lefkowitz graduated from Columbia Law School and Columbia College. Ms. Lefkowitz is currently the Chair of the Board of Directors of the National Society of Compliance Professionals (NSCP) and served as the Chair of the Financial Services Committee of the Association of Corporate Counsel (ACC) in 2015 and 2016. She was elected to be the small firm representative for FINRA District 9 in 2016. Ms. Lefkowitz also serves as an expert witness in regulatory and civil matters and is a regular speaker and author on securities and compliance topics. Melinda (Mimi) G. LeGaye serves as President of both Moody Securities, LLC and MGL Consulting, LLC. Ms. LeGaye has more than 30 years’ experience representing the interests of small broker-dealers having held the positions of president, CCO and FINOP for several small broker-dealers over the years. She currently serves as President and CCO of Moody Securities, LLC and as FINOP and a registered representative for Silver Portal Capital, LLC. Ms. LeGaye also serves as a Small Firm Member on FINRA’s District 6 Committee. Prior to forming MGL, Ms. LeGaye served as CCO of Horne Securities Corp. a broker-dealer which was formed to distribute Reg D private placements of real estate limited partnerships. During the early 1980s to late 1980s, she served on the Regulatory Affairs Committee and as president of the local chapter of the Real Estate Securities & Syndication Institute (RESSI) which was an affiliate of the National Association of Realtors. Ms. LeGaye is actively involved with ADISA (formerly Real Estate Investment Securities Association, aka REISA). As a consultant, Ms. LeGaye has worked primarily with small and mid-size broker-dealers, but she has also worked with many larger broker-dealers providing clearing services to introducing broker-dealers. Having served as president, CCO, FINOP, General Securities Principal, and Municipal Securities Principal for various broker/dealers since the mid 1980’s, Ms. LeGaye has worked extensively with retail and institutional broker-dealers, as well as boutique broker-dealers which provide investment banking, mergers & acquisitions advisory services, or which conduct business in the wholesale/retail distribution of Reg D Private Placements, non-traded REITs or 1031 Exchange Programs. As a municipal securities principal, she worked for a small minority enterprise broker-dealer which was involved in municipal bond underwritings, capital raising and financial advisory activities. As President, CCO, FINOP and a small business owner, Ms. LeGaye has first-hand experience and an in-depth understanding of the challenges FINRA small firm members (less than 150 RR’s) face on a day to day basis. Ms. LeGaye holds the Series 7, 24, 27, 53, 63, 79 and 99 registrations. She has previously held the Series 22, 39 and 3 registrations as well. She received her BBA from Sam Houston State University. An advocate for small broker-dealers and sensitive to the compliance, operational and regulatory challenges they face, she has spoken at numerous industry seminars and compliance programs over the years on topics ranging from supervision of independent brokers; surveillance using exception reports; compliance testing for small firms; product due diligence; and most recently at the SMARSH 2016 Connect Conference held in December 2016. Matt Lefevre is Product Manager in FINRA’s Member Relations and Education unit. Mr. Lefevre first joined FINRA in 2008 as an Analyst for FINRA’s Member Regulation’s Examination Planning Group and as a systems administrator. Since 2011, Mr. Lefevre was involved with FINRA’s Firm Compliance Tools group, the syndication of Investor Education content, and on the creation FINRA’s BrokerCheck tool. In recent years Mr. Lefevre was focused on the administration and expansion of FINRA’s Report Center service (a regulatory report card service). Prior to FINRA, Mr. Lefevre worked as a Business Analyst on Nasdaq OMX’s PORTAL 144A Market, as well as a marketing


leader at Concentrix and General Electric Capital AFS. Mr. Lefevre holds a BA from Lake Forest College, and a MBA from the Paris Graduate School of Management. Richard B. Levin is Chair of the Financial Services Technology (FinTech) and Regulation Practice at Polsinelli PC. His practice focuses on the representation of early stage and publicly traded companies in the FinTech industry, including broker-dealers, hedge funds, alternative trading systems (ATSs), exchanges, peer-to-peer lending platforms, robo advisors, crowdfunding portals, and digital currency platforms. He represents these firms before the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), the Financial Industry and Regulatory Authority (FINRA), and Congress. Mr. Levin has represented clients before regulators in Australia, Canada, Hong Kong, Japan, and the United Kingdom. He played a leadership role in the launch of two joint ventures of leading investment banks, and served as the General Counsel and Chief Compliance Officer of several U.S. ATSs and a U.K. based multi-lateral trading facility (MTF). Mr. Levin is a frequent speaker at conferences on blockchain technology, digital assets, regulatory, and market structure issues and is the co-author of several chapters of books, including the chapter on U.S. regulation of virtual currencies for the Handbook of Digital Currency and the chapter on SEC and CFTC regulation of blockchain technology for the Handbook of Blockchain, Digital Finance, and Inclusion – both published by Elsevier. Mr. Levin was recently identified as one of 12 leading lawyers in Blockchain and Cryptocurrencies by Chambers Global. Elliot Levine is Associate Vice President, Chief Counsel and Senior Advisor, Transparency Services at FINRA. In his role as Chief Counsel, he provides legal guidance on various aspects of debt and equity market structure and regulation in connection with FINRA’s operation of TRACE, ADF and the OTCBB. In addition, Mr. Levine has advised several foreign regulators regarding equity and bond market structure and regulation. Before joining FINRA, Mr. Levine held senior, in-house counsel positions including as assistant general counsel at CIBC World Markets and as equity trading and capital markets counsel at Bear Stearns & Co. In his capacity as in-house counsel, he participated extensively on various FINRA, SIA and BMA committees, including SIA’s Capital Markets Committee and as Chair of the BMA’s Corporate Bond Legal Advisory Committee. Mr. Levine has extensive regulatory experience, as he has held staff attorney positions in the Division of Market Regulation at the Securities and Exchange Commission and in the Division of Trading and Markets at the Commodity Futures Trading Commission. Mr. Levine attended Trinity College in Hartford, where he received a bachelor’s degree in history, and American University, Washington College of Law, where he received his law degree. Erin K. Linehan, Esq. is Associate General Counsel – Compliance, Head of Dispute Resolution and Senior and At-Risk Investor Protection at Raymond James Financial, Inc. Prior to her present role, Ms. Linehan was a Senior Litigator in the Legal Department at Raymond James for 12 years. Most of her practice was focused on securities customer complaint arbitrations; however, she also handled internal investigations, intellectual property litigation, recruiting disputes, collections, and employment issues. Ms. Linehan is a frequent speaker and presenter for the company on lessons learned and best practices, for both new and experienced financial advisors, supervisors, and business managers. Additionally, Ms. Linehan also helps lead the Senior Investor Task Force for the firm. Ms. Linehan is originally from New York and received her B.S. from Cornell University. She graduated from Tulane Law School, cum laude, with a specialization in European Legal Studies. She has her Series 7, 9 and 10 licenses, is a FINRA Arbitrator and a member of SIFMA’s Senior Investor Working Group. In 2016, Ms. Linehan founded and currently leads an organization of women lawyers in the Southeast who practice in the financial services area called Southeast Women in Financial Services. Rich Link is Edward Jones’ chief compliance officer, responsible for the overall performance of the Compliance division. Since January 2016, he has served on the Edward Jones Management Committee. Mr. Link began his Edward Jones career in 1989 in the Operations division, since then, has worked in a number of leadership positions throughout the firm. He was named a principal with the firm in 2001. Mr. Link is a 1989 graduate of Southeast Missouri State University, with a bachelor’s degree in business administration and a major in marketing. In addition, he holds an MBA from Maryville University and in 2007 completed the FINRA Institute at Wharton's Certified Regulatory and Compliance Professional™ program. He is a member of the FINRA Compliance Advisory Committee, a member of the SIFMA C&L Executive Committee and has represented Edward Jones in the past by serving as chairman of the FINRA District 4 Committee. Ron Long joined Wells Fargo Advisors through its predecessor Wachovia in 2002. His current role at the firm is Senior Vice President and Director of Regulatory Affairs and Elder Client Initiatives. In this role, Mr. Long works with key business and support units to insure they are aware of challenges facing elder clients and preparing them for the changing regulatory and legislative environment. He assists the firm by frequently meeting with securities regulators and adult protective services while also monitoring legislative changes impacting the retail brokerage


industry. Mr. Long worked for the U.S. Securities and Exchange Commission in several roles including as a counselor to Chairman Arthur Levitt. He attended Williams College and received his law degree from Georgetown University Law Center. Mark Lontchar is Senior Vice President and Chief Compliance Officer at Raymond James Financial Services where he is responsible for the firm’s broker-dealer and investment adviser compliance programs. Mr. Lontchar originally joined Raymond James & Associates in 2006 as Director of Compliance, Capital Markets where he managed compliance activities for the European offices of the Equity Capital Markets business unit. In 2011 he was named Director, European Equities with responsibilities for the business unit’s equity research, institutional sales and equity trading functions located in London, Paris, and New York. Early in his career, Mr. Lontchar practiced corporate and securities law in the Tampa, Florida office of Holland & Knight LLP and served as in-house corporate counsel for two global manufacturing businesses. He earned his B.A. from Kenyon College and his J.D. with honors from the University of Tulsa College of Law. Mr. Lontchar currently serves on FINRA’s South Regional Committee and chairs the Compliance Council of the Financial Services Institute. Don Lopezi is Senior Vice President and Regional Director of FINRA’s West Region. The West Region consists of the District Offices located in Denver, Los Angeles and San Francisco. The West Region is responsible for conducting examinations, investigations and ongoing surveillance of broker-dealers and registered persons located in the western half of the United States. Previously, Mr. Lopezi was the District Director of the FINRA San Francisco District Office. Prior to joining the San Francisco Office, he was a Director of FINRA’s Examination Programs Group (EPG), located in Washington, DC. EPG, among other things, authored and maintained examination policies and procedures used by FINRA’s examination staff, coordinated national special projects and initiatives, and oversaw the national examination program—the regulated firm-focused examination and surveillance activities conducted by FINRA’s Member Regulation Department. Mr. Lopezi began his career as an Examiner in NASD’s Denver District Office in 1992 and after serving as Supervisor in the Denver District Office, joined the Washington, DC office in September 2003. He graduated from the University of Colorado at Boulder with a B.S. degree in Accounting, and received his MBA from the University of Colorado at Denver. Anthony T. Maher is Associate Director in FINRA’s Advertising Regulation Department. He served in a similar role at NASD before its 2007 consolidation with NYSE Member Regulation, which resulted in the formation of FINRA. His chief responsibility is managing staff members dedicated to the routine review of member advertisements. Mr. Maher also speaks at FINRA and industry conferences and events, including the Department’s Advertising Regulation Conference, where he conducts a highly interactive educational “hands-on” advertising review workshop. Prior to joining the NASD in 1995, he was a registered principal and a compliance analyst for a broker-dealer subsidiary of a life insurance company. Mr. Maher holds a J.D. from George Mason University Antonin Scalia Law School, a master’s degree from Georgetown University and a bachelor’s degree from George Mason University. Robert A. Marchman joined FINRA in June 2010 as Executive Vice President and Head of the Market Regulation Department’s Legal Group (the Group prosecutes violations of market rules and federal securities laws such as the recent significant disciplinary actions involving manipulative high-frequency trading activity). Mr. Marchman, prior to joining FINRA, worked at New York Stock Exchange Regulation and during his tenure there headed the Market Surveillance Division, the Enforcement Division and the Regulatory Risk Group. While at NYSE, Mr. Marchman directed several high profile and significant securities regulation disciplinary actions including the research analysts conflict of interest and specialist trading ahead cases. Prior to joining the NYSE in 1989, Mr. Marchman was a branch chief in the U.S. Securities and Exchange Commission’s Division of Enforcement in Washington, D.C. In addition to his securities regulation responsibilities, Mr. Marchman served as Chairman of NYSE Diversity Council from its inception in 1999 until his departure from the NYSE. At FINRA, Mr. Marchman serves on the company’s Executive Diversity Leadership Council (whose members include FINRA’s Chairman/CEO) as well as the Executive Sponsor of the FINRA’s Women’s Network Employee Resource Group. Mr. Marchman is a magna cum laude graduate of Allegheny College, where he was inducted into Phi Beta Kappa and received his J.D. from the University of Pennsylvania. In addition, Mr. Marchman, the first African-American Executive Vice President at the NYSE, attended Harvard Business School’s Program for Management Development. Mr. Marchman’s involvement in civic affairs includes Board membership service with Operation HOPE, PFLAG, The Community Coalition on Race, Allegheny College, the University Of Pennsylvania Law School Board Of Managers and a Lector at OLS. He is also the recipient of numerous business and community service awards including being named as an honoree in Savoy Magazine’s 2016 List of Top 100 African-Americans in Corporate America and the recipient of the 2016 Rainbow PUSH/Wall Street Project “Diversity and Inclusion Financial Industry Champion Award”.


Jeff Marcus serves as Head of Americas Risk Management for the Cantor Fitzgerald group of companies. Mr. Marcus joined Cantor in 2010 to establish its risk management policy and procedures in the newly established prime services business. Since that time his role has expanded to encompass Credit and Market risk management where he oversees credit policy, risk measurement procedures and limit utilization. Prior to joining Cantor he led Bear Stearns US prime brokerage risk team where he was responsible for managing over $100bn in loans to over 300 hedge fund groups. Mr. Marcus started his Wall Street career in 1990 at the IBES International division of Citibank. Mr. Marcus graduated from Boston University with a bachelor's degree in accounting and finance. Greg Markovich joined FINRA on February 1, 2016, as Regulatory Principal and he is currently responsible for leading cybersecurity examinations and providing security consultation and training for other staff. Prior to joining FINRA, Mr. Markovich has 30 years of information technology (IT) and security experience working at two investment management firms including Capital Group – American Funds, and American Century Investments. His leadership roles at these firms included responsibility for information security, risk management, identity access management, and disaster recovery. Mr. Markovich also has experience leading applications development and infrastructure support teams. In addition to having an MBA degree from the University of Missouri, Mr. Markovich has several security certifications including a certified Information Systems Security Professional (CISSP) and a Certified Ethical Hacker (CEH) certification. Karin N. Marshall is Director of Regulatory Review and Disclosure (RR&D), in the department of Registration and Disclosure at FINRA. With more than 18 years of experience at FINRA, she currently oversees three regulatory units: Disclosure Review – Organization, Disclosure Review – Individual, and Criminal History Record Information. Her units are responsible for ensuring that all form filings for BD firms and their registered individuals have complete and accurate disclosure, and notifying firms and/or regulators if there are regulatory issues that need to be addressed. RR&D staff determine whether disclosure events are subject to dissemination through BrokerCheck and identifies individuals or firms subject to statutory disqualification. Her DR Organization staff is also responsible for reviewing initial Form BD applications for registration with the SEC, FINRA, other SROs and jurisdictions, as well as Form BD amendments and Form BDW for full and partial terminations. Lastly, her staff serves as liaison with applicants during the new member process and manages name changes, successions, and mass transfers. Ms. Marshall began her career in March 2000 with the NASD as a Statutory Disqualification Analyst in RR&D. She has also held positions as Counsel in Regulation Policy in the Department of Member Regulation and as the Membership Manager for FINRA’s national membership application program (MAP) before returning to RR&D in 2007. Ms. Marshall is a graduate of the University of North Carolina School of Law; she is a member of the Maryland and North Carolina State Bars. Paul Mathews is Vice President and Director of FINRA’s Corporate Financing Department. The Department administers FINRA rules that regulate public and private securities offerings. The Department’s regulatory functions include reviewing offerings for compliance with FINRA and SEC rules, conducting investigations, and providing interpretive assistance and policy support. Mr. Mathews has been active in numerous FINRA regulatory initiatives addressing broker-dealer obligations in public and private offerings, including the development of new rules, modernization of existing requirements and the publication of guidance on various issues. Mr. Mathews is a staff liaison to FINRA’s Corporate Financing Committee and serves on various FINRA task forces and internal committees. He was previously Associate Director and Enforcement Liaison for the Department, in which capacity he managed investigations staff and targeted a variety of problems through sweeps and examinations. During his career with FINRA he has worked on international regulatory initiatives, examination procedures and systems, new product regulation, arbitrations, statutory disqualifications and licensing/registration. He holds a BA in Economics from the University of Virginia, an MBA from Virginia Tech, and a regulatory professional designation from Wharton. Michael Mayhew has more than 30 years of experience working in various capacities in the financial services and investment research industries. Mr. Mayhew founded Integrity Research Associates, a research advisory firm for buy-side analysts and portfolio managers, in 2003. Prior to establishing Integrity, he was CEO and President of Garban Information Systems, a provider of fixed income, money market and foreign exchange analytics; Managing Director, Research, for Maria Fiorini Ramirez Inc., an economic research firm; and head of strategic planning for Standard & Poor’s. Mr. Mayhew started his career with MMS International, a fixed income research provider, where he was a financial market analyst, sales manager, and product manager. In addition to being a frequent speaker on the investment research, data and analytics industries, Mr. Mayhew is quoted widely in news sources, including Reuters, Institutional Investor, Bloomberg, Forbes, Wall Street Journal, New York Times, the Financial Times, and Business Week. Mr. Mayhew graduated with a B.A. in Economics from Stanford University in 1981.


Ann C. McCague has served as Managing Director and Global Head of Compliance for Piper Jaffray Companies since 2005, where she is responsible for regulatory compliance at all group affiliates, including Piper Jaffray & Co., the U.S. broker/dealer and primary operating entity, two foreign broker/dealers and five separate registered investment advisors. Ms. McCague’s career path covers 35 years in the industry, including CCO positions at Dain Rauscher and Think Equity Partners, as well as prior senior compliance positions at national firms. Given her broad scope of knowledge and as seasoned expert, she is a frequent conference panelist. Ms. McCague is/has been a member of numerous FINRA and SIFMA committees. Ms. McCague is a graduate of Augsburg College in Minneapolis, MN, where she earned a master’s degree in Leadership and an undergraduate degree in English, with a Communications minor. Joe McDonald is Senior Director in FINRA’s Testing and Continuing Education Department, where he manages the FINRA qualification examination and examination waivers programs. Previously, he was a director in FINRA’s Market Regulation Department. Mr. McDonald has been with FINRA for 20 years. Before joining FINRA, he worked as counsel in the Office of Compliance and Inspections and the Division of Market Regulation at the Securities and Exchange Commission, and as a clerk for an administrative law judge at the Commodity Futures Trading Commission. Mr. McDonald received a bachelor’s degree in psychology from the State University of New York at Stony Brook and a law degree from the American University’s Washington College of Law. Thomas K McGowan is Associate Director, Division of Trading and Markets, at the Securities and Exchange Commission. He has worked in the Office of Broker-Dealer Finances at the Commission. Areas of responsibility include the broker-dealer net capital rule, the customer protection rule, and recordkeeping and reporting requirements. Prior to working at the Commission, Mr. McGowan worked as an attorney with McGuire, Woods, Battle & Boothe. Mr. McGowan received a bachelor’s degree in economics from Virginia Polytechnic Institute and State University, and a Doctor of Jurisprudence degree from the University of Virginia School of Law. Shawn P. McLaughlin, AIF® is President and CEO of McLaughlin Ryder Investments, Inc. With more than 35 years of investment experience, Mr. McLaughlin specializes in helping individuals, businesses and associations achieve their investment goals through careful and thorough financial planning. Mr. McLaughlin began his career with a major regional brokerage firm where he spent 20 years building his practice. Mr. McLaughlin started his own firm 15 years ago and has owned his broker-dealer for eight years. Mr. McLaughlin earned his Bachelor of Science in Business Administration from Georgetown University and remains active as a mentor to students in Georgetown's business school. Mr. McLaughlin has been active in the Northern Virginia business and civic communities for more than 30 years. In March 2008, Mr. McLaughlin was elected to the Board of Directors of Burke & Herbert Bank, Virginia's oldest bank. Mr. McLaughlin served as Chairman of the Board of Trustees of the Virginia College Savings Plan (VCSP) from 2010 through 2017. The VCSP is an independent state agency that offers and manages Virginia's Internal Revenue Code Section 529 plan offerings. It is the largest college savings plan in the country with nearly $75 billion of assets. In January 2010, Mr. McLaughlin accepted an appointment to the Board of Visitors of the School of Business at Marymount University in Arlington, Virginia. He also served on the Inova Health System Board of Trustees and is the past chairman of the Inova Foundation. Mr. McLaughlin was elected as FINRA’s District 9 Small Firm Representative, and he was also appointed to FINRAs Small Firm Advisory Committee. Mr. McLaughlin was also elected to the Board of Directors of the Financial Services Institute, which represents independent financial advisors and independent financial services firms. Additionally, Mr. McLaughlin serves as chairman of the Finance Council of the Basilica of St. Mary Parish, and he is also a member of the Georgetown Visitation Preparatory School Investment Committee. Duer Meehan joined FINRA in August 2012 as the Deputy Director of the Department of Market Regulation. In addition he helps lead FINRA’s participation on the SRO Consortium that is developing the Consolidated Audit Trail NMS Plan. Prior to FINRA, Mr. Meehan worked in PwC’s Financial Services Regulatory Practice, where he worked on engagements with broker-dealers, asset managers, exchanges, a clearing agency, a trade monitoring vendor, and a rating agency. He helped these organizations with front-to-back regulatory reviews, regulatory governance assessments, controls related to quantitative high-frequency trading, the prevention of insider trading, regulatory reporting, the implementation of new regulations, the enhancement of trade surveillance tools, and the management of conflicts of interest. Prior to PwC, Mr. Meehan was the Associate Director of the Office of Market Oversight in the SEC’s Office of Compliance Inspections and Examinations. In this role, Mr. Meehan was responsible for supervising the SEC's oversight inspections of the self-regulatory organizations’ regulatory programs with respect to trading, including their surveillance, examination, and disciplinary programs. His group was also responsible for examinations of broker-dealers’ trading practices and operations, including alternative trading systems. In addition, he oversaw the SEC's examinations of credit rating agencies and managed the transfer agent examination program as well as participating in examinations of investment advisers. Before becoming Associate Director, Mr. Meehan


was an Assistant Director in OCIE’s broker-dealer group, managing examinations addressing multiple issues, including equity and debt securities trading and sales practices, supervision, internal controls, and anti–money laundering. In addition, his responsibilities included helping manage the SEC's national examination program for broker-dealers. Mr. Meehan has also served as an adjunct professor of law at Georgetown University Law Center, teaching the regulation of securities trading. His experience prior to the SEC includes implementing trading systems at Bloomberg. Thomas Mellett is Deputy Director of FINRA’s San Francisco District Office, where he is responsible for the day-to-day leadership of the office. He also supports the Regional Director in managing the regulatory programs and administration of the district offices within the West Region. Prior to this role, Mr. Mellett was the Surveillance Director of FINRA’s Denver and Seattle District Offices. He supervised regulatory coordinators who plan examinations and conduct financial and operational surveillance of member firms. From 2010 through 2012, Mr. Mellett was an examination manager in San Francisco and was responsible for supervising routine examinations of member firms. He transitioned into management after working as an examiner in the New York District Office, where he contributed to many high-profile and complex investigations. Mr. Mellett is designated as a Certified Regulatory and Compliance Professional™ (CRCP™) through the FINRA Institute at Wharton. Mr. Mellett holds a bachelor’s in finance from Bentley University. Kevin J. Miller, Executive Vice President and General Counsel, joined Securities America in 2000 and brings more than 27 years of legal and compliance experience to the firm. As General Counsel, he manages the firm’s litigation and regulatory matters and provides counsel to the management and executive leadership team on issues regarding the firm, its registered representatives and its registered investment advisor representatives. Mr. Miller also has responsibility for the oversight of the firm’s Supervision Department where he provides strategic direction to the department and oversees the development, implementation, communication and review of all policies, procedures and technology. During his tenure at Securities America, Mr. Miller has served in many roles including Chief Compliance Officer, Chief Risk Officer, Privacy Officer, AML Officer and Identity Theft Prevention Officer. Prior to joining Securities America, he served as in-house counsel and was a partner in a management consulting firm. Mr. Miller has been a featured speaker and panel member at various industry and regulatory conferences, and is an author and contributor of articles related to arbitration, compliance and regulatory issues. He currently serves as a member of the Compliance Council, and a member of the Arbitration and DOL Task Forces for The Financial Services Institute, an advocacy organization for independent financial services firms and independent financial advisors. He also serves as a member of the FINRA Membership Committee which represents a cross-section of the securities industry and advises FINRA on wide-ranging matters of interest and concern to firms, as well as, the Arbitration Task Force Committee whose mission is to consider possible enhancements to its arbitration forum by improving the transparency, impartiality and efficiency of the forum for all participants. He received his bachelor’s degree in business administration from Iowa State University and a Juris Doctorate from the Creighton University School of Law. He is a member of the Association of Corporate Counsel, Financial Planning Association, National Society of Compliance Professionals, American Bar Association and the Minnesota Bar Association. Mr. Miller holds the series 7, 24 and 66 securities licenses. Gil Mogavero is Managing Director and Chief Compliance Officer of JMP Securities. In addition to the Compliance program at JMP, he oversees the broker-dealer operations. Prior to joining JMP in 2000, Mr. Mogavero was Chief Financial Officer and Chief Administrative Officer at Mitchum, Jones & Templeton, a San Francisco-based brokerage firm, with oversight of compliance and operations. He previously spent a year at Robertson Stephens as vice president of operations. From 1987 through 1996, Mr. Mogavero served as head of compliance and operations at Volpe, Welty & Company, where he established the firm’s brokerage operations, compliance program and communications infrastructure. Earlier in his career, which began in 1973, Mr. Mogavero held compliance and operations positions at Donaldson, Lufkin & Jenrette and Oppenheimer & Co., among other financial institutions. He served on the Boards of San Francisco-based Industry Associations (Securities Operations Association, Association of Western Securities Managers) and various NASD/FINRA Committees. Currently, he serves on the FINRA Small Firm Advisory Committee and the Schwab Compliance Technologies Advisory Board (formerly Compliance 11). Gary R. Mottola is Research Director for the FINRA Investor Education Foundation and a social psychologist with more than 20 years of research experience, much of which was spent in the financial services industry. In his role at the FINRA Foundation, he oversees and conducts research projects aimed at better understanding financial capability in America, protecting investors from financial fraud, and improving financial disclosure statements. Dr. Mottola received his B.A. from the University at Albany, his M.A. from Brooklyn College and his Ph.D. from the


University of Delaware. He was a visiting scholar at Wharton in 2006 and is an adjunct professor of statistics in Villanova University’s Economics Department. Robert A. Muh co-founded Sutter Securities Incorporated in 1992 where he is the Chief Executive Officer. Sutter is a San Francisco based broker-dealer specializing in private placements and providing expert testimony in securities related litigation or arbitration. Sutter has also been approved to operate an Alternative Trading System. Mr. Muh has Chaired FINRA’s Small Firm Advisory Board, served on the National Arbitration and Mediation Committee and as Chair of District 1 Committee. In September 2016, Mr. Muh was elected as a Small Firm Representative on the FINRA Board of Governors. Mr. Muh was a senior managing director with Bear Stearns & Co. where he managed the firm’s business activities in the Pacific Northwest. Prior to joining Bear Stearns, Mr. Muh was chairman of Newburger, Loeb & Co., Inc., a New York Stock Exchange member firm and a management consultant with McKinsey & Co. in New York. Mr. Muh has a bachelor's degree from the Massachusetts Institute of Technology and both an MBA and a Master of Philosophy degree from Columbia University. While at Columbia, Mr. Muh was an Adjunct Assistant Professor of Finance. Mr. Muh is currently an Adjunct Professor at the University of San Francisco Law School. Kathy Murphy is president of Personal Investing, a Fidelity Investments company that provides retail brokerage, mutual funds, managed accounts, annuities and other financial products and services to millions of individual investors. Ms. Murphy is also responsible for Fidelity’s life insurance and annuities business, its workplace savings business for tax-exempt organizations, all of the firm’s brand and advertising programs, its online strategies through Fidelity.com, and Fidelity’s mobile device applications. Ms. Murphy, a 25-year industry veteran, oversees a business with more than $1.7 trillion in client assets under administration, more than 16 million customer accounts and over 13,000 employees. Her business is the nation’s No.1 provider of individual retirement accounts (IRAs), one of the largest brokerage businesses, one of the largest providers of mutual fund managed account programs, and one of the leading providers of college savings plans. Prior to joining Fidelity, Ms. Murphy was CEO of ING U.S. Wealth Management, leading the Defined Contribution, Defined Benefit, Retirement Solutions, Annuities, and ING Advisors Network businesses. Ms. Murphy began her career with Aetna, spending 15 years in a variety of legal and government affairs positions, eventually serving as general counsel and chief compliance officer, Aetna Financial Services. Ms. Murphy received her Bachelor of Arts degree, summa cum laude, in economics and political science from Fairfield University in 1984. She earned her juris doctorate with highest honors from the University of Connecticut in 1987. Ms. Murphy sits on the Board of Directors of America’s Promise Alliance and the National Football Foundation. Ms. Murphy has repeatedly been named one of the “50 Most Powerful Women in American Business” by Fortune Magazine, one of the “Wall Street Top 50” and “Business 100” by Irish America Magazine and named as one of the “25 Most Powerful Women in Finance” by US Banker, among other honors. Linde Murphy currently serves as compliance advisor to M.E. Allison & Co., Inc., a full-service broker/dealer and Texas registered investment adviser. Founded in 1946, the firm also provides municipalities with advisory and underwriting services. In 2012, Ms. Murphy joined Presidio Financial Services as they began the CMA process to join M.E. Allison & Co., Inc. Ms. Murphy started her career in investments on a trading desk in Chicago in 1999 and has held positions in compliance, sales, business development and management. In addition to the pertinent industry licenses, Ms. Murphy obtained the CRCP™ designation in 2014 after attending the FINRA Institute at Wharton on the FINRA Small Firm scholarship. She currently serves on the FINRA Small Firm Advisory Committee and the District 6 Committee. Ms. Murphy served on the FINRA Fixed Income Committee as well as the FINRA Regulatory Advisory Committee. Joe Nadreau is the managing director of the Innovation and Strategy Group at Wells Fargo Advisors, LLC, responsible for the continuing evolution of the business platforms for the firm’s Financial Advisors and clients. Mr. Nadreau also sits on the Wells Fargo Advisors Operating Committee. Mr. Nadreau has worked in the financial services industry for more than 20 years. He joined Wells Fargo Advisors in 1999 as the firm’s chief e-commerce officer and continues to position the firm’s overall business platform and investment process to meet the strategic goals of the organization. Prior to joining the firm, Mr. Nadreau worked for the IBM Consulting Group as a senior business strategy consultant, at PaineWebber as an internal consultant/auditor, and as a capital markets officer/trader at Chase Securities. Mr. Nadreau attended Penn State University and earned a dual bachelor’s degree in finance and international business. He received his MBA in finance from New York University’s Stern School of Business. He is on multiple nonprofit boards in the St. Louis community and served as the chairman of the WFA United Way campaign. He is also the executive sponsor of the WFA Veterans’ Team Member Network. Mr. Nadreau holds FINRA Series 7 and 24 registrations and is a member of the FINRA Tech Advisory Committee.


Thomas Nelli was recently named Senior Vice President and South Region Director in FINRA’s Boca Raton District Office. Prior to joining FINRA, Mr. Nelli was a Managing Director Deputy Chief Compliance officer in Morgan Stanley Wealth Management Compliance. In this role, Mr. Nelli headed the Investment Products and Services, Advisory, Research Equity, Futures and Options and Fixed Income Compliance Groups. He joined the Morgan Stanley Compliance Department in 1986. During his 31 years with the firm, he has covered almost every aspect of retail brokerage compliance, including Branch Examinations, Surveillance, Policies and Procedures, Futures, Employee Trading, Registration and has served as the firm’s Compliance Registered Options Principal and chair of the Heightened Supervision Committee. Additionally, he participates in various industry panels. Mr. Nelli graduated from Brooklyn College with a BS in Psychology in 1985. Ted Newton is Assistant Vice President in MassMutual US Compliance. In his 30-year career in the financial services industry, Mr. Newton has been an agent, a wholesaler, a regulator and a home office compliance officer. At MassMutual, his responsibilities include reviewing advertising for the company’s direct-to-consumer and other customer experience efforts; refining advertising review procedures to increase efficiency and consistency; and serving as industry and regulatory liaison on advertising compliance-related matters. Previously, he managed training and communications for MassMutual field and home office personnel about compliance and supervision requirements, and inspections of agencies to review their supervision and compliance policies. Prior to joining MassMutual in January 1998, Mr. Newton was a supervisor in the NASD’s Advertising Regulation Department, where he supervised a team of analysts who reviewed sales materials submitted by NASD member firms. Mr. Newton graduated from Duke University in 1984 with a double major in political science and Psychology, and got his start in the industry that year with Travelers Insurance Company and its affiliated broker/dealer. Steven O’Mara is Associate Director in FINRA’s Advertising Regulation Department. Before joining Advertising Regulation, he spent three years in the Market Regulation Department. He also worked for four years as a compliance officer for a regional brokerage firm. Mr. O’Mara holds a master’s degree in business from Johns Hopkins University and a bachelor’s degree from Saint Anselm College. Nicholas Ostroy is Associate Market Structure Specialist for the Municipal Securities Rulemaking Board. Mr. Ostroy supports the MSRB’s market transparency products and programs through IT initiatives and market structure sponsored projects. After joining the MSRB as Product Operations Representative in 2012, Mr. Ostroy worked with external users to enhance interactions with MSRB systems, including the Electronic Municipal Market Access (EMMA®) website. Before joining the MSRB, Mr. Ostroy worked as database consultant for Curzon Staffing. He also served as acting desk officer in the Office of Peacekeeping Operations for the U.S. Department of State in 2010. Mr. Ostroy has a master’s in international affairs from American University and a bachelor’s degree from State University of New York at Plattsburgh. Elizabeth Page is Vice President and Director of FINRA’s Boston District office. In this role, she is responsible for the regulatory programs that oversee the FINRA firms and registered representatives within New England and portions of Canada and Europe. Prior to her position in Boston, Ms. Page was the Deputy Director in the FINRA’s Chicago District office and has served in a variety of staff and management roles including managing and conducting onsite examinations of the main offices and branches of FINRA firms, investigations of customer complaints and terminations for cause and applications for membership. Ms. Page has a Bachelor degree in Finance and a Master of Business Administration degree from the University of Denver. Yvette Q. Panetta is District Director in FINRA’s Florida District Office located in Boca Raton, Florida where she is primarily responsible for the Member Regulation Examination Program and FINRA’s Securities Helpline for Seniors. Ms. Panetta’s responsibilities include managing the Sales Practice Examination Programs including Cycle and Cause, and the Surveillance Program. She is also actively involved in several initiatives related to current industry topics. Prior to joining FINRA, Ms. Panetta served as an examination manager with the U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations located in New York. Ms. Panetta received her undergraduate and graduate degrees from Baruch College, The City University of New York where she graduated with honors. Ms. Panetta also holds the title of Certified Public Accountant from the American Institute of Certified Public Accountants. Thomas A. Pappas is Vice President of the FINRA Advertising Regulation Department, which regulates the advertisements, sales literature and correspondence used by FINRA member firms. His responsibilities include rule development, management of the filing and surveillance programs and related enforcement activities. He served in the same role at NASD before its 2007 consolidation with NYSE Member Regulation, which resulted in the formation


of FINRA. He was previously registered with Davenport & Company LLC. He received a bachelor’s degree from The University of Richmond and an MBA from Virginia Commonwealth University. Jessica Pastorino has been involved in the securities industry since 2006 with a focus on compliance and operations for privately-placed transactions including capital raising and M&A advisory services. As President and Chief Compliance Officer for M&A Securities Group, Ms. Pastorino runs a firm that offers a broker-dealer platform for independent middle-market investment banking professionals and boutique advisory groups. Ms. Pastorino believes in a solution-based approach to compliance challenges. Ms. Pastorino holds her Series 24, 79, 62, 22, 39 and 63 licenses. Ms. Pastorino earned her Bachelor of Arts Degree in English at California State University Long Beach and serves as a member of the FINRA District and FINRA CAP committees. Audria Pendergrass Lee, for more than 20 years, has been driving meaningful organizational change—most recently through the strategic creation and deployment of infrastructure, resources, and tools that help foster a culture of diversity and inclusion and build an environment that supports corporate social responsibility and work/life balance. Over her career, she has worked as a diversity program manager, new service development director and paralegal in a variety of industries, including the military, financial services, distribution and educational services. Ms. Pendergrass Lee currently serves as Director of Diversity and Worklife at FINRA and, since joining the organization in 2009, has facilitated the creation of an award-winning diversity leadership council and employee resource group program, launched formal mentoring programs, overseen the implementation of organization-wide diversity education and made significant enhancements to flexible work arrangements, gender- and LGBTQ-inclusive policies and other diversity programming efforts. In addition, she manages the federal contractor (workforce) compliance programs. Ms. Pendergrass Lee earned a Bachelor of Arts degree in Political Science from the University of South Carolina, a master’s degree in Organizational Management from the University of Phoenix and has continued her studies at the University of Maryland University College and Aresty Institute of Executive Education at The Wharton School, University of Pennsylvania. Ola Persson is Senior Vice President and head of FINRA’s Transparency Services Department. He is responsible for all business, technology and operational aspects related to FINRA’s fixed income and equity trade reporting and quotation facilities (TRACE, ADF, ORF, OTCBB and the TRF’s). Mr. Persson joined FINRA in 2004, with responsibilities for the fixed income (TRACE) program. Prior to joining FINRA, Mr. Persson worked for 10 years at Thomson Reuters where he held a number of positions in the Fixed Income division. He holds a Bachelor’s degree in Finance and Statistics from the University of Stockholm, Sweden, and a Master’s degree in International Business from Baruch, City University of New York. Paige W. Pierce is a leader of leaders who has made a difference across industries by helping influencers focus first on their employees, fall in love with their customers, and see their landscape in ways no one else can. She’s played principal roles in multiple startups, guiding a number of them to profitable exits, and realized equal success turning around underperforming organizations and helping growing concerns figure out “What’s next?” As president of PSP consulting (2017 to present), Ms. Pierce has helped businesses based in the UK and Australia overcome obstacles with their US operations and assisted US-based clients in navigating regulatory and compliance challenges. Her clients’ industries have spanned financial services (where she is a subject matter expert), manufacturing, and tourism. Nowhere is Ms. Pierce’s ability to navigate changing markets more apparent than with her tenure at RW Smith & Associates, a Fixed Income Interdealer Broker (IDB). A Founding Principal of the firm, she returned to the family-owned business as a consultant in 2001, positively resolving a critical regulatory issue and revamping compliance in the wake of the 2001 recession and the regulatory repercussions of the Arthur Andersen scandal. As President & CEO of RW Smith (2005 to 2017), and in previous leadership roles (2001 to 2004), Ms. Pierce responded to downward margin pressures and unfavorable regulatory environments by leading the evolution of both the firm’s business model and the regulators’ view of IDBs and small firms. Internally, she resolved market and cash flow challenges by twice negotiating the sale of the firm, once to a venture capitalist and later in parts to complementary businesses. She also revamped product offerings to increase top-line sales 600%. On the regulatory and legislative front, Ms. Pierce spent the better part of 20 years advocating on behalf of IDBs and small firms with purpose and passion, working to advance regulatory and legislative understanding of these important segments of financial services and the challenges they face. As an advocate for small businesses, Ms. Pierce has been invited to the Federal Reserve, offices of Congressional representatives, the Securities and Exchange Commission, and important policy discussions. She was the first IDB representative in many FINRA groups, including the National Adjudicatory Council, Fixed Income Committee, and Small Firm Advisory Board, the latter as elected Chair in 2017. Ms. Pierce also organized previously siloed firms, contributing actively to professional organizations and co-founding the BMA/SIFMA Municipal Securities Broker’s Broker Committee, the Municipal Bond Information Service Company, and the Bond Dealers of America Small Firm Division. Ms. Pierce


was the CFO, Operating Officer, and a Founding Principal of Agincourt, Ltd. (1994 to 2000), a Bermuda-based broker/dealer focused on creating structured products for the fixed income institutional market. She spearheaded the creation of strategy, financial controls, and systems overseeing Bermuda-, UK-, and US-based activities for this Bermuda-based broker/dealer, ultimately engineering a successful exit. An early career in banking and finance formed the foundation of Ms. Pierce’s lead-from-the-front style. Her approach led to repeated promotions and upward recruitment. Representative accomplishments include the recapture of millions of dollars for two of LaSalle Bank’s operating units, the transformation of one of their cost centers into a profit center, and success in PaineWebber’s fast-paced, high-stakes Municipal Trading Division. Passionate about professional development for herself, her colleagues, and her team, Ms. Pierce is a longtime member and leader within the Young President’s Organization. She is currently Co-Chair of the London Business School YPO Executive Education Presidents’ Program. A graduate herself, as Co-Chair she took the lead in redesigning the intensive 5-year course to incorporate themes of innovation, strategy in uncertain times, organic vs architected growth, “futurist” visioneering and managing across the generations (and borders). Ms. Pierce is an Honorary Commander and Falcon with the 388th FW out of Hill Air Force Base in Utah, supporting the airmen/women who serve our great country. Steven Polansky is Senior Director in FINRA's Office of Shared Services. In this capacity, Mr. Polansky leads special national initiatives--including FINRA’s digital investment advice and earlier cybersecurity and conflicts of interest reviews--and special projects. In addition, he leads development of FINRA’s annual regulatory and examination priorities. Previously, Mr. Polansky worked in FINRA's International Department, where he was responsible for analyzing international regulatory developments and leading FINRA's relationships with select financial regulators in Europe and Asia as well as international financial institutions. In addition, Mr. Polansky led advisory projects in a number of jurisdictions related to, among other things, risk-based supervision, prudential oversight and market surveillance. Prior to joining FINRA, he was a management consultant with PricewaterhouseCoopers, and he served for seven years as a professional staff member on the Committee on Foreign Relations in the United States Senate. At the Committee, Mr. Polansky was responsible for advising the Chairman on funding for the Department of State and other foreign policy agencies, missile non-proliferation and international environmental issues. Mr. Polansky received his master of business administration in finance from The Wharton School at the University of Pennsylvania, his master of public administration from the Kennedy School of Government at Harvard University, and his bachelor degree in history from Colgate University. Michael L. Post is General Counsel of the Municipal Securities Rulemaking Board, where he serves as senior legal and policy advisor to the MSRB and its Board of Directors. He oversees market regulation, corporate governance, regulator relationships, and legislative affairs. After joining the MSRB as Deputy General Counsel in 2013, Mr. Post managed a staff of attorneys in the development and implementation of rules governing municipal securities dealers, including key market structure rules such as best execution and mark-up disclosure, as well as a new framework of rules governing municipal advisors. Previously he served for more than 10 years in various senior roles at the Securities and Exchange Commission. From 2007 to 2009, he was counsel to Chairman Christopher Cox, advising on a wide range of legal, policy and management issues arising primarily out of the Division of Trading and Markets, Division of Enforcement and Office of Municipal Securities. He also served as a senior litigation counsel in the appellate group in the SEC's Office of the General Counsel and received the Manuel F. Cohen Outstanding SEC Younger Lawyer Award. From 1998 to 2003, Mr. Post was in private practice in the Supreme Court and appellate litigation group at Sidley Austin LLP. He began his legal career as a judicial law clerk on the U.S. Court of Appeals for the Tenth Circuit. Mr. Post earned a bachelor’s degree in economics from the University of California, Los Angeles, a master of public administration degree from Arizona State University and a juris doctor, with high honors, from The George Washington University Law School, where he was a senior editor of the Law Review.

Joseph E. Price is Senior Vice President, Corporate Financing/Advertising Regulation, at the Financial Industry Regulatory Authority. The FINRA Corporate Financing Department regulates capital-raising activities of broker/dealers; including equity, debt, REIT, closed-end fund, limited partnership offerings and private placements. The FINRA Advertising Regulation Department regulates broker/dealer sales materials, mutual fund advertisements, social media and other communications with the public. Mr. Price previously worked in various capacities at the Securities and Exchange Commission. He was an Assistant General Counsel and a Special Counsel in the Office of General Counsel and he was the Deputy Chief of the Office of Disclosure and Investment Adviser Regulation in the Division of Investment Management. Prior to working at the SEC, he was a litigator in the Bureau of Competition at the Federal Trade Commission. Mr. Price also worked as a Compliance Investigator at the Coffee, Sugar & Cocoa Exchange. He was an Adjunct Professor at Georgetown University Law Center from 1994 to 2002, where he taught “Current Issues in Securities Regulation” and “Disclosure under the Federal Securities Laws.” He graduated with distinction in economics from the University of Wisconsin and received his J.D. from Fordham University.


Rocky Procopio is Executive Director with 20 years of financial industry experience. He is currently the head of Morgan Stanley Wealth Management’s Field Compliance Department. In this capacity, he oversees Regional Compliance Officer Department, WM Employee Trading, International Wealth Management Compliance and the Registration Department. Prior to the Morgan Stanley/Smith Barney joint venture, Mr. Procopio was responsible for the Surveillance and Training functions at Smith Barney. Prior to Smith Barney’s acquisition of Legg Mason Wood Walker (LMWW), he was a senior compliance officer with LMWW responsible for the Mid-Atlantic Region as well as product compliance for the firm. Mr. Procopio currently holds the Series 7, 9, 10, 14, 24, 4, and 53. Gregory Riviello is a director in FINRA’s Advertising Regulation Department which is responsible for the regulation of FINRA member firms’ communications with the public. Mr. Riviello is responsible for supervising the daily activities of 25 staff devoted to the review of communications filed with the Department. He provides guidance to Department staff and FINRA firms on the application of the advertising rules and interpretations and also assists with the development of these rules. His other responsibilities include coordinating the Department’s recruiting, training and quality control functions. Mr. Riviello has spoken about various advertising regulation topics at industry events and at the FINRA Advertising Regulation Conferences. Mr. Riviello has more than 37 years of experience in the securities industry including 28 years with the Advertising Regulation Department. He is a graduate of West Chester State University in West Chester, Pennsylvania, and holds an MBA from the University of Maryland. Brett Redfearn was named the U.S. Securities and Exchange Commission's Director of the Division of Trading and Markets in October 2017. Mr. Redfearn joins the SEC from J.P. Morgan, where he was Global Head of Market Structure for the Corporate and Investment Bank. Mr. Redfearn has a long history in the U.S. equity markets, having worked with investors, exchanges and broker-dealers. During his career, he has focused on how technology, regulation and business trends are changing trading patterns across asset classes and geographic regions. He has helped build electronic trading products, worked closely with exchanges and other trading venues as these products evolved, and engaged with global asset managers on major regulatory developments. He has also been a frequent contributor at policy forums surrounding U.S. equity markets, and has been an active participant at several meetings of the SEC's Equity Market Structure Advisory Committee. He has served as Chairman of SIFMA’s Equity Markets and Trading Committee and was a participant on the Security Traders Association (STA) Market Structure Analysts Committee and the Canadian STA (CSTA’s) Trading Issues Committee. Previously, Mr. Redfearn has served on the boards of Bats Global Markets, BATS Exchange, the National Organization of Investment Professionals, the Chicago Stock Exchange, and BIDS Trading. Mr. Redfearn earned his M.A. in political science from the New School for Social Research and his B.A. from the Evergreen State College in Olympia, Washington. Rob Ries is Senior Director in FINRA Technology, on the Enterprise Data team. Mr. Ries is responsible for Product Management of the Data Intake platform. He is currently focusing significant attention on the Request Manager application and the Forms & Filings application, as well as providing product management for future Data Intake capabilities. Previously, Mr. Ries worked on various customer-facing tools offered by FINRA including the early versions of the Fund Analyzer tool. He also served as the project manager for the initial rollout of FINRA’s Enterprise Web Security application. Mr. Ries is a graduate of the University of Virginia.

Dwayne Roberts is a member of the Technology Department, specializing in Security and Risk. Prior to joining GCM Grosvenor, Mr. Roberts served as Security Manager for the Tribune Publishing Company from 2013 to 2016, and as Security Architect for TransUnion from 2011 to 2013. Previously, Mr. Roberts served as Information Assurance Technical Lead for the United States Forces Japan, as Lead IT Security Engineer for Marine Corps Community Services, and as Information Protection Specialist for the United States Air Force. Mr. Roberts received his degree in Information Systems Technology from the Community College of the Air Force. Lisa Robinson serves as Director of the Membership Application Program (MAP) group at FINRA where she interacts with industry professionals on a wide range of topics including unique, novel, and/or complex products, platforms, large scale restructuring and other aspects of broker dealer business operations. She offers insight to both internal and external constituents with a focus on risk assessment, mitigation, strategy and collaboration. In addition, Ms. Robinson oversees FINRA’s funding portal surveillance and examination program and directs the review of applications submitted by SEC-registered funding portals seeking FINRA membership pursuant to the crowdfunding provisions of Title III of the JOBS Act and SEC’s Regulation Crowdfunding. Ms. Robinson often liaises with various regulatory agencies on issues related rules and regulations that impact the broker dealer community. Prior to joining MAP, Ms. Robinson was an Associate Director in FINRA’s Member Regulation, Sales Practice Department, where she was responsible for the oversight and execution of the District 10 examination plan, including cycle, cause and branch examinations, for many member firms. She has participated on several FINRA


initiatives, most recently FINRA’s Retrospective Review of the MAP rules. She proposed and now administers MAP’s “Triage/Fast track” program, which takes a risk-based approach to processing full FINRA member applications. Ms. Robinson has served as a panelist at numerous industry events on topics such as crowdfunding, examinations, supervisory controls, and ethics and has co-presented at FINRA Institute at Wharton, Crowdfunding session. Before joining FINRA, Ms. Robinson worked at a large mutual fund company. She is a Certified Regulatory and Compliance Professional™ (CRCP™) and holds a bachelor’s degree from Nova Southeastern University. Joseph Romano is President of Romano Wealth Management, a dually registered RIA/BD, which was founded by his father and has been located just outside Chicago since 1962. He graduated with Honors in Economics from Wesleyan University, Middletown, CT. In addition to administering the firm, Mr. Romano acts as an investment manager creating customized portfolios using individual stocks and bonds. Mr. Romano directly oversees client assets of $250 million. The firm has 20 employees with 9 registered portfolio managers and has just over $1 billion in total assets under management. Mr. Romano began his career in 1995 in the operations department (his firm was self-clearing until November 2008), and then soon after earned his Series 4, 7, 24, and 55 licenses. Mr. Romano is also a Certified Financial Planner (CFP). He served for several years until 2007 as the firm’s Chief Compliance Officer (CCO) and continues to head the firm’s research department. His wide variety of licenses and posts within the firm has given him broad exposure to the industry and regulatory environment. Outside the firm, Mr. Romano is also actively involved in securities industry affairs, and served as the 2015 Chair of the FINRA Small Firm Advisory Board (SFAB). Immediately prior to his three years serving on that committee, he served a three year term on the FINRA District 8 Committee. Prior to his FINRA work, Mr. Romano served as President of the Illinois Securities Industry Association. With strong support from the Securities Industry and Financial Markets Association (SIFMA), this consortium of executives from Chicagoland firms was able to retain a lobbyist and affect positive change with securities legislation in the state. During Mr. Romano tenure on the SFAB and other committees, he has written numerous comment letters, served on panel discussions, and interacted with prominent staff members from FINRA, the Securities and Exchange (SEC) office, and the Securities Investors Protection Corp. (SIPC) on a variety of topics affecting the industry and small firms. Mr. Romano is currently working with the Chairman’s office of the Public Company Accounting Oversight Board (PCAOB) to address the impact of additional regulatory oversight on small broker dealers. In the process, Mr. Romano has developed strong working relationships with many of these key industry leaders as well as executives from other FINRA member firms throughout the country. Mr. Romano is a strong proponent of self-regulation and protection of the public, and believes that all issues must be dealt with creatively, constructively, and collaboratively. David Roscum is a manager in the Advertising Regulation Department and oversees staff involved in the Investigative, Spot-Check and Filing programs. In addition to his 20-plus years of regulation experience, Mr. Roscum served as a compliance officer for T. Rowe Price for five years, and was a registered investment adviser and registered representative for three years. Mr. Roscum is a CPA and holds a bachelor’s degree from The University of Iowa, an M.B.A. from Marymount University and a master’s degree in taxation from Taft University. Lisa Roth serves as the President, AML Compliance Officer and Chief Information Security Officer of Tessera Capital Partners. Tessera is a limited purpose broker dealer offering new business development, financial intermediary relations, client services and marketing support to investment managers and financial services firms. Ms. Roth holds FINRA Series 7, 24, 53, 4, 65, 99 Licenses. Previously, Ms. Roth has served in various executive capacities with Keystone Capital Corporation, Royal Alliance Associates, First Affiliated (now Allied) Securities, and other brokerage and advisory firms. Ms. Roth serves on FINRA's Membership Committee, is a member of the Board of the Third Party Marketer's Association, and FINRA's Series 14 Item Writing Committee. Ms. Roth was unanimously selected by her peers to serve as the Chairman of FINRA's Small Firm Advisory Board for one of a total of four years of service on the Board from 2008-2012. Ms. Roth has also served as a member of the PCAOB Standing Advisory Group, and is an active participant in other industry forums, including speaking engagements and trade associations. Ms. Roth is also the president of Monahan & Roth, LLC, a professional consulting firm offering consulting, expert witness and mediation services on financial and investment services topics including regulatory compliance, product due diligence, suitability, supervision, information security and related topics. Previously, Ms. Roth founded ComplianceMAX Financial Corp. (purchased by NRS in 2007), a regulatory compliance company offering technology and consulting services to more than 1000 broker‐dealers and investment advisers. Ms. Roth's leadership at CMAX led to the development of revolutionary audit and compliance workflow technologies now in use by some of the US's largest (and smallest) broker‐dealers, investment advisors and other financial services companies. Ms. Roth has been engaged as an expert witness on more than 150 occasions, including FINRA, JAMS and AAA arbitrations, and Superior Court and other litigations, providing research, analysis, expert reports, damages calculations and/or testimony at deposition, hearing and trial. As a member of the FINRA


Board of arbitrators, Ms. Roth has been named to more than 20 panels as a hearing officer. Ms. Roth resides in CA, but is a native of Pennsylvania, where she attained a Bachelors of Arts Degree and was awarded the History Prize from Moravian College in Bethlehem, PA. Philip Rothman is Senior Vice President and Head of Fidelity Capital Markets (FCM) Compliance. FCM is the institutional trading arm of Fidelity Investments. Mr. Rothman is responsible for Compliance Coverage for FCM’s Equities, Electronic Trading, Fixed Income, Municipals, FX, Syndicate, Prime Services, and Securities Lending businesses. After graduating from law school in 1995, Mr. Rothman worked in private practice for four years as a litigation attorney. In 1999, he joined the New York Regional Office of NASD Enforcement where he became a Regional Counsel. In 2004, he joined Morgan Stanley as an attorney in the U.S. Litigation Group, where he represented the Firm in regulatory matters brought by various regulators and self-regulatory organizations that focused on the Firm’s institutional and retail securities businesses. In 2006, Mr. Rothman joined Morgan Stanley’s Institutional Compliance Department, where he managed a group that investigated and responded to regulatory inquiries and examinations. In 2010, he became the head of Morgan Stanley’s U.S. Fixed Income Compliance coverage group, and in 2014, he was named as Co-Head of U.S. Sales and Trading Compliance. In that capacity he was responsible for Compliance coverage for Fixed Income, Equity, Futures and Commodities businesses and products. Mr. Rothman graduated from Cornell University’s School of Industrial and Labor Relations and from Brooklyn Law School. Michael Rufino is Executive Vice President and Head of Member Regulation—Sales Practice. In this capacity, he is responsible for overseeing FINRA’s Sales Practice examination and surveillance programs in 14 District offices across the United States as well as the Membership Application Program. Mr. Rufino began his regulatory career in 1988 at the New York Stock Exchange where he held many management positions. He has been with FINRA since its creation in 2007. Prior to serving in his current capacity, Mr. Rufino was the Chief Operating Officer in Member Regulation—Sales Practice responsible for the day-to-day execution of the Sales Practice Regulatory Program. He has been involved in various industry initiatives throughout his career in regulation involving electronic communications and anti-money laundering and has been a speaker on an array of topics relating to the securities brokerage industry. In addition, Mr. Rufino is a representative on FINRA’s Compliance Advisory Committee and is the Chairman of the Options Self-Regulatory Council. Mr. Rufino has also served as a member of the Securities Industry Continuing Education (CE) Council, assisted in the creation of Electronic Communications Guidance to the industry and served as a member of the Social Networking Task Force. In addition, he participated in the Financial Action Task Force’s (FATF) initiative to create guidance on the risk-based approach to the prevention of money laundering and terrorist financing as well as the FATF Typology on the Securities Industry. He previously served as FINRA’s representative on International Organization of Securities Commissions’ (IOSCO) Committee 3 on Intermediaries. Mr. Rufino graduated magna cum laude from Iona College with a degree in finance, and received his MBA with honors in management information systems from Iona. Don Runkle is Chief Supervisory Officer for National Securities Corporation where he manages two teams responsible for ensuring the appropriate supervision of all aspects of the firm’s business. Mr. Runkle also continues to serve as the Director of Consulting Services with Freeman Mathis & Gary, LLP, where he leads a team that provides a wide variety of consulting services to broker-dealers and investment advisers. Mr. Runkle was previously the Chief Compliance Officer for Raymond James Financial Services, Inc., and he has over 26 years of experience in the financial services industry, having worked as a financial advisor and in several compliance and supervision-related roles. Mr. Runkle has been an active leader in numerous industry associations and regulatory committees. He currently serves on the FINRA Membership Committee, and he previously served two terms on the FINRA District 7 Committee. He has also served on the FINRA Regulatory Advisory Committee, the SIFMA Compliance and Regulatory Policy Committee, the FSI Compliance Council, and the SIFMA Compliance and Legal Society’s Regional Firms Committee. Previous industry involvement also includes the FINRA Compliance Resources and Education Committee, the FINRA Books and Records Task Force, the NASD Licensing and Registrations Council, the SIFMA Self-Regulations and Supervisory Practices Committee, the SIFMA State Regulation and Legislation Committee, and the IAFP Compliance Advisory Council. He holds numerous industry licenses, including the Series 7, 24, 53, 4, 63, 65, and previously obtained the Florida Life and Health insurance license. He also completed the Securities Industry Institute at the University of Pennsylvania Wharton School in 2004, and he has been a FINRA arbitrator since 1998. Greg Ruppert is Bank Secrecy Act Officer and a Senior Vice President in Charles Schwab Corporation’s Corporate Risk Management department. In his role, Mr. Ruppert is the Chief of the Financial Crimes Risk Management group, which encompasses the enterprise-wide BSA/Anti-Money Laundering, OFAC/Sanctions, Fraud Investigations, Anti-Bribery, Advisor Surveillance and Investigations, Cyber Crime Investigations, and Internal Investigation programs


of the corporation. Mr. Ruppert is also the Corporate Responsibility Officer. Prior to joining Schwab, Mr. Ruppert spent more than 17 years with the FBI. In his last assignment, he was a senior executive at FBI Headquarters in Washington D.C. where he oversaw the Cyber Division's efforts to combat the highest priority cyber threats emanating from Asia, Eurasia, Middle East, and Africa. Mr. Ruppert began his FBI career in the Boston Field Office specializing in complex corporate and securities fraud, money laundering, financial crimes, and cyber fraud. He also served on the Enron Task Force as a senior investigator assigned to investigate Enron’s CFO and other senior corporate officials. During his tenure with the FBI, Mr. Ruppert also focused on the FBI's anti-terrorism efforts. He led a team, as part of the FBI’s 9/11 investigation, which uncovered the hijackers’ financial activities and sources of funding. He later joined the Terrorist Financing Operations Section where he created a unit responsible for the investigation of terrorism-related money laundering and illegal charity-based fundraising. Mr. Ruppert served internationally in the Netherlands and Germany. He also headed up high profile international terrorism investigations as Assistant Special Agent in Charge of the Extraterritorial Squads based out of the Washington DC Field Office. Mr. Ruppert is a member of the FinCEN Bank Secrecy Act Advisory Group as well as District Committee Member for FINRA. He is also clinical professor for the University of the Pacific (UOP), School of Engineering and Computer Sciences’ Data Analytics Master’s Program. Mr. Ruppert also serves on the Industry Advisory Board for the UOP’s Cybersecurity Program. Mr. Ruppert is an active member of the California bar. Professor Hillary A. Sale is a member of the FINRA Board of Governors. She is also an award-winning teacher, a Visiting Professor at Georgetown Law, and the Walter D. Coles Professor of Law and Professor of Management at Washington University in St. Louis. She teaches both at the Law School and the Olin School of Management, including courses in Leadership, Women’s Leadership, Corporate Governance, and Securities Regulation. In the spring of 2017, she was the Sullivan & Cromwell Visiting Professor of Law at Harvard Law School, where she taught Women’s Leadership and Corporate Boards and Governance. She is an expert on and frequent speaker to industry groups and academic audiences about leadership and corporate governance and was selected by the St. Louis Business Journal as a “2014 Most Influential Business Women.” In addition to running leadership and other programs in industry, Professor Sale has taught in multiple executive education programs, including the Harvard Law School Law Firm Leaders Program and various programs through the Olin School of Business. Professor Sale is a member of the FINRA Board of Governors, where she serves on the Nominating and Governance, Regulatory Policy, and Regulatory Operations Committees. She is also a member of the Advisory Board of DirectWomen, a nonprofit with the mission of increasing the presence of women on public company boards. She is Chair of the DirectWomen Board Institute and works in industry training executives on leadership, governance, and risk management. Professor Sale is a leading scholar in the areas of corporate governance and the role of corporate and securities law in shaping board decision-making and strategies and has authored many award-winning articles. Professor Sale is co-author (with John C. Coffee, Jr. and M. Todd Henderson) of the book Securities Regulation and is a member of the Committee on Corporate Laws of the ABA, where she co-chaired the task force for the Sixth Edition of the Corporate Director’s Guidebook. Professor Sale is also a Fellow of the American College of Governance Counsel. Before entering academia, Sale was a law clerk to The Honorable Richard S. Arnold, Chief Judge of the United States Court of Appeals for the Eighth Circuit, practiced with the law firm of WilmerHale LLP, and was Chief of Staff and Director of Operations for Evelyn F. Murphy, the Lieutenant Governor of Massachusetts. She graduated magna cum laude from Harvard Law School in 1993 and holds a master’s degree in Economics from Boston University, where she also completed her B.A., summa cum laude in 1983. Bob Salvador is Chief Compliance Officer at Motif Investing, Inc. and Motif Capital Management, Inc. Mr. Salvador has 20 years of compliance experience and more than 26 years in financial services across the brokerage, investment advisor, and banking industries. He was responsible for developing comprehensive compliance programs for Motif’s broker dealer and investment advisor businesses. Mr. Salvador had previously been at the ground floor of developing compliance programs at E*TRADE and new business lines at Charles Schwab. Mr. Salvador is a member of FINRA’s West Region Committee and a Certified Regulatory and Compliance Professional™. Vijay Sankaran is Chief Information Officer at TD Ameritrade. He is responsible for leading all aspects of technology at TD Ameritrade including solution delivery, operational stability, cybersecurity and innovation. Mr. Sankaran has championed a major initiative around agile development to transform the software delivery approach and platform to increase throughput. He is keenly focused on bringing innovation through technology at TD Ameritrade through the introduction of new concepts such as artificial intelligence, speech and bot interfaces, blockchain, and big data. Mr. Sankaran leads the TD Ameritrade Ann Arbor, Michigan site which he has fostered from concept to a collaborative innovation center now staffed with more than 130 individuals. Prior to joining TD Ameritrade, Mr. Sankaran held several senior leadership roles at Ford Motor Company. IT Chief Technology Officer leading advanced technology, technology strategy, data, analytics and architecture across the enterprise. Director,


Application Development where he was responsible for global application development, and delivery of major programs and projects. Director, Infrastructure Operations where his responsibilities included operational support for infrastructure and Ford's largest data centers in North America. Prior to joining Ford, Mr. Sankaran was a consultant with both Ernst & Young LLP and Headstrong where he focused heavily on analytical systems. Mr. Sankaran holds a B.S. in Computer Science from the Massachusetts Institute of Technology and an M.B.A from Duke University's Fuqua School of Business. Vincent Saulys, Senior Director of Market Regulation, Technology, joined FINRA in 2016 to lead the development of their new dynamic surveillance platform. The platform is FINRA’s next generation tool for the creation and running of patterns leveraging the latest advances in Machine Learning. Mr. Saulys has more than 25 years of experience solving some of the world’s most difficult technical problems in the financial services industry. Mr. Saulys is a launcher and leader of many mission-critical breakthroughs in data science and technology on behalf of Goldman Sachs. He has extensive media, outreach and public speaking experience that includes coalition-building and recruitment efforts with major universities. Mr. Saulys is a data science evangelist with a direct pulse on cutting-edge thought, research, rising talent and all relevant players in the data science space. Joseph P. Savage is Vice President and Counsel in FINRA’s Office of Regulatory Analysis. Mr. Savage specializes in a broad range of securities regulatory matters, including investment management, investment company, advertising and broker-dealer issues, and regularly appears at conferences regarding these issues. Prior to joining FINRA, he was an Associate Counsel with the Investment Company Institute and an attorney with the law firms of Morrison & Foerster LLP and Hunton & Williams. Mr. Savage also served as a judicial law clerk for United States District Judge John P. Vukasin of the Northern District of California. Mr. Savage holds a bachelor’s degree from the University of Virginia, a master’s degree in public policy from the University of California, Berkeley, and a J.D. from the University of California, Hastings College of the Law, where he served as Note Editor of the Hastings Law Journal. Holly Scavetta is Associate Director of FINRA Member Relations and Education. Ms. Scavetta, directs, conceptualizes, plans and implements FINRA conferences and educational programs. Prior to joining FINRA, Ms. Scavetta was the Education Manager for Raymond James Financial Services, Inc., in St. Petersburg Florida. In this role, she was responsible for the direction and oversight of the continuing education program, ensuring all new and enhanced training and development programs aligned with organizational priorities and business plans as well as CPA and CFP requirements. Ms. Scavetta previously held the Series 7 License. Ms. Scavetta received her Master of Science degree from NOVA Southeastern University and her B.A. from Florida Southern College. Kurt N. Schacht, JD, CFA is Managing Director for CFA Institute’s advocacy group. He has overseen CFA Institute policy research, standards and government relations area, with offices in London, Brussels, New York and Hong Kong. During his tenure he has been responsible for the CFA Institute Code of Ethics and Standards of Professional Conduct, the Global Investment Performance Standards (GIPS®), and the CFA Institute Asset Manager Code and one of its flagship publications, the Financial Analysts Journal. Prior to joining CFA Institute, he served as chief operating officer for a mutual fund complex, general counsel and coo for a Manhattan based hedge fund, and as deputy director and chief legal officer for the State of Wisconsin Investment Board (SWIB). He is an industry practice expert on investment management, corporate governance and financial service industry regulation, including Investment Company Act and Investment Advisers Act rules and practice. Mr. Schacht is currently serving as a Trustee on the IFRS Foundation which oversees the International Accounting Standards Board (IASB). He is a member of the European Commission's Expert Group on Corporate Bond Market Liquidity based in Brussels. His term recently expired as Chairman of the Investor Advisory Committee for the U.S. Securities and Exchange Commission (SEC), created by the Dodd-Frank Act. He also serves on the Harvard Corporate Governance Forum Advisory Council, the Board of Trustees for the Greenwich Roundtable and the Advisory Board of the Columbia Law School’s Millstein Center for Global Markets. He previously served on the Public Company Accounting Oversight Board (PCAOB) Standing Advisory Group and the SEC’s Advisory Committee for Smaller Public Companies looking at the market impacts of Sarbanes Oxley and the Expert Group for Principles for Responsible Investment of the United Nations Environment Programme (UNEP). He is a member of the CFA Society New York and was voted their 2004 Volunteer of the Year. He holds a Bachelor of Science degree in Chemistry and a Law degree from the University of Wisconsin-Madison. He has held the Chartered Financial Analyst (CFA) designation since 1998. Alexander “Alex” Schneble has been the Director of Private Wealth Management Compliance at Robert W Baird (“Baird”) since 2013. Mr. Schneble leads the compliance program for the firm’s retail brokerage and advisory business. He originally started at Baird in 2000 and in 2002, he transitioned to Northwestern Mutual Investment


Services (“NMIS”) where he established firm policy for the new broker-dealer and investment adviser, helped shape the firm’s brokerage and advisory programs and was one of the key individuals responsible for building NMIS’ supervisory system. Mr. Schneble rejoined Baird in 2011 as the Director of Regulation and Policy responsible for assessing new regulations, industry trends and disciplinary actions. Upon transitioning to Private Wealth Management Compliance in 2013, he led the effort to redesign Baird’s supervisory system to strengthen its capabilities so it could continue to support the firm’s substantial growth and diverse product offerings. David Scrams is Senior Director of Continuing Education and Measurement, FINRA, Registration and Disclosure, where he manages the securities industry continuing education program and the FINRA measurement services unit. Mr. Scrams has more than 20 years of experience in psychometrics and standardized testing, including extensive work with IT certification programs; and he is an authority in content development, measurement and testing industry policy. He serves on FINRA’s Diversity Leadership Council and various FINRA initiatives. Mr. Scrams holds a Bachelor of Arts degree in Psychology from California State University at Bakersfield as well as both a Masters of Arts in Social Psychology and a Doctorate in Quantitative Psychology from Johns Hopkins University. Fred Schrick is Chief Financial Officer for Stifel Nicolaus. In this role, Mr. Schrick is responsible for the accounting, reporting and treasury functions for mutliple broker-dealers. Prior to joining Stifel in 2017, Mr. Schrick served in a variety of finance and accounting leadership roles at Charles Schwab, Scottrade and UBS Investment Bank. Mr. Schrick received his B.B.A. in Accounting from the University of Notre Dame, is a certified public accountant licensed in the state of Missouri and carries the Series 27 registration. Susan Schroeder is Executive Vice President and Head of FINRA Enforcement, responsible for FINRA’s disciplinary actions across the country. After a recent combination resulting from FINRA360, the organization’s ongoing comprehensive self-evaluation and improvement initiative, FINRA Enforcement is a unified group that handles disciplinary actions related to trading-based matters found through Market Surveillance’s surveillance and examination programs, as well as and other cases referred from other regulatory oversight divisions including Member Regulation, Corporate Financing, the Office of Fraud Detection and Market Intelligence, and Advertising Regulation. Prior to becoming the Head of Enforcement in 2017, Ms. Schroeder was Senior Vice President and Deputy Chief of Enforcement at FINRA for six years. Before joining FINRA, she was a partner in WilmerHale’s Securities Litigation and Enforcement practice, where she specialized in SEC, FINRA, and state investigations and enforcement actions involving all aspects of securities law. She began her legal career as a litigation associate at Kirkland & Ellis, specializing in securities litigation. She received her J.D. from NYU School of Law, her M.A. from the University of California at Davis, and her B.A. from Georgetown University. She is a member of the New York bar. Greg Scroggs attended Georgia Tech as a cooperative student with The Southern Company in Atlanta, where he served in a variety of roles: computer operations, application programming, system programming, and telecommunications functions. His next role involved both technical and management positions at the Primerica division of Travelers and Citigroup, where he held various technical operations, security, and telecommunications management positions. For the past 10 years, Mr. Scroggs has managed security engineering and operations, technology risk management, and data telecommunications for Primerica, which is now a public company. His current role at Primerica is Senior Vice President and Chief Information Security Officer (CISO). Alexander Y. Sedgwick, CFA is head of Fixed Income Market Structure and Electronic Trading in Global Trading at T. Rowe Price. Mr. Sedgwick is responsible for custom research and analysis pertaining to market structure, liquidity, and trade cost/execution analysis across the various fixed income sectors. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. Mr. Sedgwick has 16 years of investment experience, three of which have been at T. Rowe Price. Prior to joining the firm in 2014, he spent eight years at MarketAxess Corp. in New York, where he was most recently head of research. Mr. Sedgwick earned a B.A. in economics and politics from Washington & Lee University. He also has earned the Chartered Financial Analyst designation and is a Series 7 and 63 registered representative. Thomas M. Selman, CFA is Executive Vice President, Regulatory Policy, and Legal Compliance Officer of FINRA. He oversees the departments of Corporate Financing, Advertising Regulation, the Office of Regulatory Analysis, and the Office of Emerging Regulatory Issues. Mr. Selman joined the organization in 1996. Mr. Selman also holds the Chartered Financial Analyst ® designation. From 1992 to 1996, Mr. Selman was Associate Counsel at the Investment Company Institute, a trade association for the mutual fund industry. Prior to that time, he served as Special Counsel in the Office of General Counsel at the United States Securities and Exchange Commission, a


position he held beginning in 1987. Mr. Selman was an Attorney-Advisor to the European Union in Brussels, Belgium, from 1986 to 1987. In addition to his career accomplishments, Mr. Selman has authored articles that were published in Investment Lawyer, The International Lawyer and Insights. Mr. Selman received bachelor's degrees in economics and history from Rice University, and a Doctor of Jurisprudence degree from The University of Texas School of Law, where he was Associate Editor of the Texas Law Review. Aaron J. Seres, Assistant Section Chief, received an appointment as a Special Agent in September 2004, and was subsequently assigned to the Cleveland Division. While in the Cleveland Division, he primarily investigated public corruption and white collar crime. He also was accepted as an inaugural member of the FBI’s national Corporate Fraud Response Team and served on deployments in support of high priority financial crimes investigations. Mr. Seres’ next assignment was Supervisory Special Agent (SSA) at FBI Headquarters in the Economic Crimes Unit within the Criminal Investigative Division (CID). In this capacity, he was responsible for the national management of the FBI's Corporate Fraud Program, which included leading FBI efforts in response to the 2008 Financial Crisis, and he had management responsibilities for all Economic Crimes programs throughout the Southeastern FBI field offices. Mr. Seres was then promoted to Chief of the FBI’s Economic Crimes Unit. In this capacity, he was responsible for the national program management of the FBI’s Corporate Fraud, Securities & Commodities Fraud, Mass Marketing Fraud, Insurance Fraud, Wire Fraud, and Special Agent Accountant Programs. During his tenure as Chief, Mr. Seres instituted several new initiatives that greatly advanced the FBI’s ability to address financial crimes such as the embedding of agents for the first time with the U.S. Securities & Exchange Commission and the Commodity Futures Trading Commission. Mr. Seres transferred to the Charlotte Division to return to field operations where he investigated financial crimes matters and public corruption, and worked in a media relations role for the FBI. During his assignment to the Charlotte Division, Mr. Seres also served overseas in the FBI’s Brussels, Belgium Legal Attaché Office in support of an FBI initiative to address Foreign Corrupt Practices Act violations and international money laundering. Mr. Seres currently serves as the Assistant Section Chief of the Financial Crimes Section within the Criminal Investigative Division. He currently oversees all FBI financial crimes programs nationally to include Money Laundering, Corporate Fraud, Securities & Commodities Fraud, Financial Institution Fraud, Health Care Fraud, Intellectual Property/Cyber Enabled Crimes and other fraud schemes in addition to having oversight responsibility for the FBI’s Forensic Accountant Program. Mr. Seres was selected for his current position in August 2017. Prior to his appointment to the FBI, Mr. Seres worked as a Certified Public Accountant with Ernst & Young and Wachovia Bank. Mr. Seres holds a Bachelors Degree in Accounting and a Masters of Business Administration Degree from Canisius College in Buffalo, New York. Nubiaa Shabaka serves as Global Head of Cybersecurity Legal and North America Head of Privacy and Data Protection Legal at Morgan Stanley in New York City where she is an Executive Director in the Global Technology, Data Protection and Sourcing Law Group. Ms. Shabaka also handles of variety of information technology and Internet-related matters, including mobile initiatives and social media. Ms. Shabaka is Co-Chair of the Firm’s Social Media Committee. Prior to joining Morgan Stanley in January 2008, Ms. Shabaka was an associate in the Technology, Media, Communications and Intellectual Property Law Group in Proskauer Rose’s New York office. She earned a Bachelor of Arts, magna cum laude, from New York University and a Juris Doctor from Harvard Law School. She also serves on the Board of The Museum of Contemporary African Diasporan Arts (MoCADA). Philip Shaikun is Vice President and Associate General Counsel in FINRA’s Office of General Counsel, where he is responsible for developing and interpreting FINRA rules and providing legal and policy advice to FINRA management and staff. Mr. Shaikun’s responsibilities involve a variety of regulatory areas, including research analyst conflicts, broker compensation practices, communications with the public, supervision, registration, and sales and trading practices. Mr. Shaikun also leads the Office of General Counsel’s role in the retrospective review of FINRA rules. Mr. Shaikun previously served as an attorney in FINRA’s (then NASD) Enforcement Department. Prior to joining FINRA, Mr. Shaikun was as a trial attorney with the U.S. Department of Justice, where he prosecuted civil fraud cases. Mr. Shaikun graduated with a bachelor’s degree from Duke University, where he also has served as a visiting lecturer in public policy. He received a law degree from the University of Southern California. Mr. Shaikun is also a former reporter for the St. Petersburg Times in Florida. Joseph J. Sheirer is Director of FINRA’s New Jersey District Office. Mr. Sheirer oversees the Surveillance, Cycle Examination, and Cause Investigation Programs for member firms and associated persons located in New Jersey and New York (outside of the five boroughs of New York City and Long Island). Mr. Sheirer previously developed and oversaw FINRA’s national Membership Application Program group and worked in varying capacities in a number of other FINRA departments including Risk Oversight & Operational Regulation, Continuing Education, Testing, and Qualifications & Registration. Mr. Sheirer is a graduate of Brooklyn Law School and Drew University and is a member of the Bars of the States of New York and New Jersey.


Mary Simonson is Executive Vice President and Chief Risk Officer at Advisor Group, Inc., a member of Advisory Group, one of the nation’s largest networks of independent financial advisors, overseeing more than $160 billion in client assets, she assumed her current role in June 2016. As Chief Risk Officer, Ms. Simonson is responsible for developing and maintaining Advisor Group’s risk management program to identify, reduce and measure the risk exposure of the firm and its broker dealers. She ensured continuity of core practices during the 2016 separation of Advisor Group for AIG, and the subsequent creation of the firm’s independent status. Ms. Simonson joined Phoenix-based SagePoint Financial, a member firm of Advisor Group, as a Vice President and Chief Compliance Office in 2010. She later assumed the additional role of CCO for two other member firms, Atlanta-based FSC Securities Corporation and New Jersey-based Royal Alliance Associates, Inc. Immediately prior to taking on her current role, Ms. Simonson served as Senior Vice President and Chief Compliance Officer of Advisor Group, continuing development, implementation and maintenance of all compliance procedures within the firm’s broker-dealers. Ms. Simonson has more than 30 years of experience in the financial services industry, including leadership roles at WaMu Investments, formerly WM Financial Services, as chief compliance officer, at CFM Partners, Inc., a governance and risk compliance firm, where she served as Director of Business Development. Earlier, she held compliance roles at the former Shearson Lehman (now Smith Barney), and the former Chemical Investments (which became Chase). Ms. Simonson earned a Bachelor’s degree in Business Administration from Pace University. She is registered with FINRA as a General Securities Representative (Series 7), a General Securities Principal (Series 24), and holds Series 53 and Series 63 licenses. Ivonia Slade is Assistant Director in the Enforcement Division’s Public Finance Abuse Unit. She supervises Unit investigations of potential violations of the federal securities laws in the area of public finance, including municipal securities and public pension funds. Ms. Slade also supervises investigations in various other areas, including offering fraud, investment adviser fraud, insider trading and financial fraud. Prior to joining the Commission, Ms. Slade was a securities litigator in private practice. She obtained her bachelor’s degree from Temple University and her law degree from the University of Pennsylvania Law School. Gregory J. Smith joined Securities America in February 2012 as Director of Sales Supervision. Mr. Smith was promoted to Vice President, Supervision in April 2015 and Senior Vice President, Supervision in January of 2017. His responsibilities include strategic leadership of the firm’s sales supervision functions and leading a team of risk management professionals. The team works directly with financial advisors and branch managers to ensure they are serving their clients and integrating best practices for their independent businesses. Prior to joining Securities America, Mr. Smith spent 16 years at TD Ameritrade in leadership positions in operations, trading and risk management. Prior to joining TD Ameritrade, Mr. Smith worked as an independent registered representative and a registered investment advisor for eight years. A native to Atlantic, Iowa, Mr. Smith has a degree in agribusiness from the University of Nebraska-Lincoln. Mr. Smith holds a Series 3, 4, 7, 24, 63 and 65 securities licenses and has been in the industry for more than 30 years. Blake Snyder is Director for FINRA’s AML Investigative Unit, which consists of a specialized team of examination staff that conduct complex Anti-Money Laundering examinations. The AMLIU’s other functions include providing guidance to FINRA examination and Enforcement staff in connection with examinations and investigations; providing training to FINRA staff throughout the country; and providing education and training to the industry on AML issues. Mr. Snyder assists in developing FINRA’s AML-related priorities and serves as a Regulatory Specialist within FINRA in the areas of AML, fraud and financial crime. Mr. Snyder holds the Certified Regulatory and Compliance Professional™ (CRCP™) designation, and graduated from Florida State University with a Bachelor’s degree in Finance. Mr. Snyder works from FINRA’s Florida District Office, and has been with FINRA for 17 years. Amy C. Sochard is Senior Director in FINRA’s Advertising Regulation Department. The department protects investors by ensuring broker-dealer members of FINRA use advertisements and other sales communications that are fair, balanced and not misleading. Ms. Sochard leads the department’s complex and targeted review activities. She also serves as liaison to FINRA departments involved in examinations, including the departments of Enforcement and Member Regulation. In addition, Ms. Sochard oversees staff dedicated to the routine review of communications filed with the department by broker-dealers. Ms. Sochard assists in the development of rules and interpretations for communications with the public and social media, and she routinely speaks at industry events on these topics. Prior to joining FINRA’s predecessor (NASD), Ms. Sochard worked with a real estate syndication firm in Washington, DC. She received a bachelor’s degree with distinction in English from the University of Virginia and studied poetry writing at Columbia University.


Michael Solomon joined FINRA in December 2011 as senior vice president and is the senior regional director of FINRA's New York, Philadelphia, Boston, and Woodbridge-NJ District Offices. Mr. Solomon has responsibility for the Examination and Surveillance Programs in the region. Prior to FINRA he served as managing director and general counsel for litigation, regulatory and employment law at Jefferies & Co. Prior to joining Jefferies, Mr. Solomon managed the Regulatory Group at UBS Financial Services from 2004 to 2006. Before that, he managed the Regulatory Examinations and Inquiries Group at Merrill Lynch from 1999 to 2004, and has also served as an associate at Morgan, Lewis & Bockius, trial counsel in the NYSE Enforcement Division and NY County assistant district attorney. Mr. Solomon received his J.D. in 1989 from New York University School of Law and received an undergraduate degree from Wesleyan University. Robert Sondheim is Director, Compliance at E*TRADE and is responsible for managing the Firm’s advertising review department. He has more than 25 years’ experience in the financial services industry, including four years as a Supervising Analyst in FINRA’s Advertising Regulation department, where he managed the review of member firms’ advertising and sales literature for compliance with FINRA, SEC, MSRB and SIPC rules and regulations. He has been with E*TRADE since 2002 and has held various managerial roles within the Firm’s compliance program. Mr. Sondheim holds the Series 4, 7, 24, 51 and 63 licenses. William St. Louis is District Director of FINRA’s New York and Long Island offices and manages the sales practice examination and surveillance staff in those offices. Prior to assuming this role in June 2014, he was the Regional Enforcement Chief Counsel for FINRA’s North Region where he managed Enforcement staff in FINRA’s New Jersey, Boston, and Philadelphia offices. He joined the company in 1998 and spent several years in a variety of Enforcement roles in New York including service as a Deputy Regional Chief Counsel. Mr. St. Louis earned a B.A. from Baruch College and a law degree from New York University School of Law. Prior to law school he worked in the Compliance Department of a regional broker-dealer. Lawrence Stadulis is partner at Stradley Ronon Stevens & Young, LLP and advises clients in matters pertaining to the registration and regulation of investment advisers and investment companies under federal and state securities laws. He also manages related issues pertaining to investment advisers and investment companies, including matters involving ERISA, broker-dealer regulation and banking laws. Mr. Stadulis is a frequent lecturer and author on legal matters pertaining to the investment management industry. He prepares a monthly column on recent SEC developments for The Investment Lawyer, a legal publication that focuses on the investment management industry. Before joining Stradley Ronon, Mr. Stadulis was a partner with another prominent law firm. Prior to that, he was special counsel in the Office of Chief Counsel, Division of Investment Management, U.S. Securities and Exchange Commission. As special counsel, Mr. Stadulis was principally responsible for responding to no-action and interpretive requests under the Investment Company Act of 1940 and Investment Advisers Act of 1940. Mr. Stadulis was recommended as a national leader in “investment funds: registered funds” in the 2011, 2010, 2009 and 2008 editions of Chambers USA: America’s Leading Lawyers for Business. Daniel J. Stefek is Associate Vice President and District Director of FINRA’s Atlanta District Office. The Atlanta office is responsible for the examination and regulation of the FINRA member firms located in Georgia, North Carolina and South Carolina (approximately 180 main offices and 10,500 branches). Mr. Stefek has extensive regulatory experience, starting his career in FINRA’s Los Angeles District Office in 1983. While in Los Angeles, he worked in a variety of positions for NASD (FINRA’s predecessor), first conducting financial and sales practice examinations, then managing the district’s examination programs as Exam Manager and then as Associate Director. Mr. Stefek moved to Georgia in 2004, where he became Director of the Atlanta Office. He received his business degree in finance from the University of Southern California. Harry Striplin is Chief Compliance Officer for Umpqua Investments, Inc., a small firm headquartered in Portland, Oregon. He has been with Umpqua Investments for nine years. Mr. Striplin has more than 36 years of experience working at small firms and more than 27 years serving as a Chief Compliance Officer in the small firm environment. He has served as a member of FINRA’s District 3 Committee, the Securities Industry Regulatory Council on Continuing Education and has been a panelist at FINRA securities conferences. Mr. Striplin has been a member of the Securities Industry Continuing Education Content Committee for more than 20 years. Mr. Striplin serves as an arbitrator for FINRA Dispute Resolutions and has achieved his Certified Regulatory and Compliance Professional™ (CRCP™) certification through the FINRA Institute at Wharton. Bill Swanstrom, Vice President, FINRA Registration and Disclosure, leads business development, innovation and strategic initiatives that leverage RAD’s licensing systems and business services as well as overseeing the Gateway Call Center. Mr. Swanstrom’s focus is on outreach and expanding the role and impact that member firms have when


it comes to licensing and registration systems and services. The new CRD system and Financial Professional (FinPro) Gateway are opportunities to leverage technology, respond to industry challenges and introduce a more effective licensing platform. These systems will focus on enabling firm compliance, reducing administrative burden, simplifying requirements and improving the overall user experience. Throughout his tenure, Mr. Swanstrom sponsored the development, deployment and operation of the Nationwide Multistate Licensing System on behalf of FINRA for The Conference of State Bank Supervisors (CSBS). In addition, he has led numerous support consolidation initiatives to improve efficiency and expand the customer support model introducing improved access to information and enhanced communication channels for the Gateway Contact Center. The Gateway Contact Center staff includes the front-line responders for member firms, investors, compliance professionals, and the general public regarding compliance and registration questions, navigational support, and investor questions. The systems supported include: Web CRD, IARD, BrokerCheck, Firm Gateway, FinPro, Account Administration, E-Bill, OATS, and eFOCUS among others. He holds a Bachelor’s degree from Towson University in Political Science. Kelly Swanstrom is Associate Director of Vendor and Contract Services within FINRA’s Registration and Disclosure’s Testing and Continuing Education (TCE) department. With more than 15 years of experience at FINRA, she currently oversees the relationship with Prometric and is responsible for the development, administration and monitoring of all TCE vendor and client contracts and other agreements for products and services related to departmental objectives. She manages a dedicated Vendor Services team that ensures all issues, challenges, or risks associated with the delivery of FINRA’s high stakes testing programs are appropriately mitigated and addressed. Additionally, she oversees the operations of FINRA’s Firm Element E-Learning Program. Ms. Swanstrom is a graduate of the Robert H. Smith School of Business at the University of Maryland. Valerie A. Szczepanik is Assistant Director at the U.S. Securities and Exchange Commission (SEC) in the Division of Enforcement’s Cyber Unit. She is Head of the SEC’s Distributed Ledger Technology Working Group, Co-Head of its Dark Web Working Group, and a member of its FinTech Working Group. Ms. Szczepanik served as a Special Assistant United States Attorney at the United States Attorney’s Office for the Eastern District of New York. She clerked for federal judges on the United States District Court for the District of Columbia and the United States Court of Appeals for the Federal Circuit and, prior to clerking, practiced patent law. Ms. Szczepanik received her JD from Georgetown University and her Bachelor of Science degree in Engineering from the University of Pennsylvania. Irmina Tan is Senior Analyst of Vendor and Contract Services within FINRA’s Registration and Disclosure’s Testing and Continuing Education (TCE) department. With more than 15 years of experience at FINRA, she currently is responsible for the operations and outreach activities for FINRA’s E-Learning Program. Additionally, she assists with the development, administration and monitoring of all TCE vendor and client contracts and other agreements for products and services related to departmental objectives. Prior to this role, Ms. Tan was a Senior Analyst in Regulatory Operations within the Business Solutions Group and an Associate in the Member Education and Training department. She holds a Bachelor of Science Degree in Business Administration from University Maryland University College. Joe Terry serves as Chief Compliance Officer of Signator Investors, Inc. In that role, he leads a team that works alongside Signator advisors to identify and mitigate risk by implementing policies that balance compliance needs with business practices. He joined Signator from Advisor Group, where he held the position of Chief Supervision Officer. Prior to that, he held positions at Horace Mann Investors, Inc. as President, Chief Executive Officer, Chief Compliance Officer, roles in compliance and sales at Nationwide’s affiliated broker/dealers, and he began his career as an advisor at Edward Jones. Mr. Terry holds a BA in Economics from Westminster College, as well as an MBA and an MS from the Kelley School of Business at Indiana University. Additionally, he has a Certified Regulatory and Compliance Professional™ designation from the FINRA Institute at Wharton and has served on multiple industry and FINRA committees. Mayur Thakur is head of the Data Analytics Group in the Global Compliance Division. He joined Goldman Sachs as a managing director in 2014. Prior to joining the firm, Mr. Thakur worked at Google, where he designed search algorithms for more than seven years. Previously, he was an assistant professor of computer science at the University of Missouri. Mr. Thakur earned a PhD in Computer Science from the University of Rochester in 2004 and a BTech in Computer Science and Engineering from the Indian Institute of Technology, Delhi, in 1999. Lara Thyagarajan is FINRA’s Senior Vice President and Counsel to the Head of Enforcement. Prior to serving in her current role, Ms. Thyagarajan was the Regional Chief Counsel for the New York Region in FINRA’s Department of Enforcement. She joined FINRA's predecessor, NASD, in 2006. Before joining FINRA, Ms. Thyagarajan was a partner in the securities enforcement defense practice of a Boston law firm where she focused on the defense of


investment advisors and broker-dealers primarily in SEC investigations and hearings. Ms. Thyagarajan graduated from Boston College Law School and received her B.A. from Boston University. Pamela Torres is general counsel of the Global Investment Research Division. She serves as counsel to the GIR Client and Business Standards Committee. Prior to her current role, Ms. Torres was global chief of staff of the Legal Department. Previously, she was a member of the Investment Banking Division Legal group, formerly known as Special Execution. Ms. Torres joined Goldman Sachs in 1994 as an associate. She became a vice president in 1996 and was named managing director in 2007. Earlier in her career, she was as an attorney at the law firm of Davis Polk & Wardwell in New York. Ms. Torres earned a JD from Georgetown University Law Center in 1990 and a BA, magna cum laude, in Political Science from Wellesley College in 1987. Alexandra (Lex) Toton is Associate Director of Testing and Continuing Education, RAD, FINRA, where she co-manages the FINRA qualification examination and client services programs. Ms. Toton has been with FINRA for nine years. Before joining FINRA, Ms. Toton worked in compliance and operations at The Investment Center in Bedminster, New Jersey. Ms. Toton received a B.S. in Business Administration from the Boston University and a M.S. in Finance from Johns Hopkins’ Carey Business School. Justin Triolo is Associate District Director with FINRA’s District 10 New York office and has been with FINRA since April 2004. In his role, Mr. Triolo manages approximately 25 staff members, including Examination Managers and Examiners, who are responsible for conducting cycle and branch office examinations of member firms. Mr. Triolo started his career in Regulation as an Examiner with the Sales Practice Review Unit of NYSE Regulation. Prior to joining FINRA, Mr. Triolo was a Senior Analyst for Novations, and responsible for quality assurance testing, curriculum development and training for the Competitive Positions Group of the NYSE. Mr. Triolo has a Bachelor of Arts degree from Gettysburg College. Laura Trotz is District Director of the Chicago District Office of FINRA. In her role as District Director, Ms. Trotz is responsible for overseeing District’s Surveillance and Examination programs. She has more than 20 years of experience in the securities industry and has been with the Chicago District Office for 18 years; previously, as an Associate District Director responsible for managing the District’s cycle and cause examination programs, Examination Manager responsible for managing a team of examiners for the cycle, cause and membership programs and as an examiner conducting cycle and cause examinations of member firms. Ms. Trotz received her B.A. in Finance from Illinois Benedictine College and holds the Certified Regulatory and Compliance Professional™ certificate from the FINRA Institute at Wharton. Paul M. Tyrrell, Partner of Sidley Austin, LLP, focuses his practice on securities and commodities compliance and enforcement matters affecting financial institutions, with an emphasis on sales practice and supervisory rules applicable to broker-dealers and their associated persons. He also advises clients on their compliance with the USA PATRIOT Act, Bank Secrecy Act and related anti-money laundering requirements and has been involved in leading regulatory AML disciplinary matters over the years. Mr. Tyrrell's extensive regulatory and litigation experience informs his comprehensive approach to challenges that clients encounter throughout their various lines of business. Mr. Tyrrell was a senior special regional counsel at FINRA's (formerly NASD) Boston District Office. He managed investigations and filed disciplinary matters arising out of broker-dealer examinations. As a senior trial attorney with the CFTC in New York, Mr. Tyrrell managed enforcement matters. He received his JD from Western New England College School of Law and his BA from the University of Florida. John Veator is Senior Director in FINRA’s Office of Member Relations and Education. His duties include advising firms on FINRA initiatives, rules and resources. He also collects feedback from the industry and advocates for changes to FINRA’s programs where appropriate. Previously, he was a senior counsel in FINRA’s Regulatory Policy Office, where he advised FINRA exam staff on rule interpretations and conducted administrative actions. He was also a senior staff member of FINRA’s Registration and Disclosure Department, where he advised on state securities laws and processes. Prior to joining FINRA, Mr. Veator served as the North American Securities Administrators Association’s (NASAA) Deputy General Counsel and was NASAA’s Acting General Counsel when he left the association to join NASD. Mr. Veator received his bachelor’s degree from Colgate University and his JD from Vanderbilt Law School. Chris Vickery is Managing Director and Chief Operations Officer in the Americas at Nomura, Asia’s global investment bank. He is a member of the firm’s regional Executive Management Committee. Mr. Vickery is actively engaged in industry leadership and governance forums, and is the prior Chair and current member of SIFMA’s Operations and Technology Steering Committee (OTSC). Prior to joining Nomura in 2009, Mr. Vickery spent four


years at J.P. Morgan where he was a Managing Director in Corporate and Investment Banking operations. Previously, Mr. Vickery spent nine years at Citigroup, where he held a number of roles including FICC business management, Global Commodities chief of staff, FX technology, market and credit risk reporting, and enterprise project management. Erin C. Vocke is Vice President and District Director of the FINRA Dallas and New Orleans District Offices. Ms. Vocke began her career in 1995 as an examiner in the New Orleans District Office. During this time, she conducted numerous routine and cause examinations of member firms and focused examinations in the areas of variable products and mutual funds. In January 2004, Ms. Vocke became Supervisor of Examiners, where she performed supervisory functions, including reviewing examinations and providing guidance to examiners on case development. In August 2004, she relocated to the Florida District Office. At this time, she assumed responsibilities for supervising Continuing Membership Applications and financial surveillance of member firms, in addition to routine and cause examinations. In June 2007, Ms. Vocke transferred to the Dallas District Office as the Associate Director. In this position, she was responsible for overseeing the District Cycle, Cause, Financial Surveillance and Membership Application Programs. In February 2010, she assumed the role of District Director of the Dallas Office. In February 2014, she assumed the role of District Director in the New Orleans Office. Ms. Vocke completed the Accelerated Development Program in 2007 and the Certified Regulatory and Compliance Professional™ (CRCP™) designation in 2003. She received a bachelor’s degree in accounting from the University of New Orleans. Barbara Voute’ is Director, Market Practices for the Municipal Securities Rulemaking Board (MSRB) where she leads the continued development and enhancement of the MSRB’s Electronic Municipal Market Access (EMMA®) website and advises on industry standards related to MSRB market transparency systems. She also provides leadership on uniform practice, trading and operational issues. In 2016, Ms. Voute’ and MSRB Executive Director Lynnette Kelly co-authored an article in the Journal of Securities Operations and Custody chronicling the MSRB’s work toward creating a more efficient municipal securities market. Prior to this role, Ms. Voute’ served as Municipal Operations Advisor at the MSRB, providing expertise on industry uniform practice and operational matters, and supporting the management of MSRB market transparency products. Before joining the MSRB in 2014, Ms. Voute’ previously served as vice president and fixed income business unit manager, and earlier operations manager at Raymond James & Associates, Inc., where she supported the unit’s operational, regulatory, trading and new business activities. Ms. Voute’ received a bachelor’s degree in business administration from Middle Tennessee State University. Hardeep Walia is founder and CEO of Motif, a technology-driven thematic investing company that combines data science and automation to develop breakthrough financial products for individual investors, financial institutions and investment advisors. Motif was voted by Fast Company as the “World’s Most Innovative Company in Personal Finance” and has consecutively been ranked on CNBC’s “Disruptor 50 List”. Mr. Walia was named by Goldman Sachs as one of the “100 Most Intriguing Entrepreneurs” in the world and recognized by Forbes as one of “The New Money Masters”. Mr. Walia spent more than six years at Microsoft, where he was General Manager of the company's enterprise services business. He also served as Director of Corporate Development and Strategy, helping to oversee Microsoft's investments and acquisitions. He started his career as a consultant at The Boston Consulting Group. Mr. Walia holds a B.S. in Engineering and Economics from Yale University, and an MBA from The Wharton School of Business. He holds Series 7, 24 and 63 licenses in the securities industry. He has served as a member of FINRA’s Technology Advisory Committee, FINRA’s Small Firm Advisory Board, and as an advisor to U.S. Bank’s Ascent Private Capital. Gerri Walsh is Senior Vice President of Investor Education at the Financial Industry Regulatory Authority (FINRA). In that capacity, she manages FINRA's investor education initiatives, including developing and implementing new programs, creating interactive tools for investors, publishing print and online educational materials, and coordinating with government and non-profit partners. She also serves as President of the FINRA Investor Education Foundation, where she manages the Foundation's grant making and programmatic efforts to educate and protect investors. Her work focuses especially on research to advance understanding of the relationships among financial literacy, financial capability and financial well-being; leveraging distribution channels to distribute effective, unbiased financial education resources; and incubating scalable, sustainable programs focused on traditionally underinvested groups of Americans, including young adults, women, Native Americans and members of the U.S. military. She joined FINRA in May 2006. Prior to joining FINRA, Ms. Walsh was Deputy Director of the Securities and Exchange Commission's Office of Investor Education and Advocacy (OIEA) and, before that, Special Counsel to the Director of OIEA. She also served as a senior attorney in the SEC's Division of Enforcement, investigating and prosecuting violators of the federal securities laws. From 1989 to 1994, Ms. Walsh was an associate with Hogan & Hartson (now Hogan Lovells LLC), a Washington, DC law firm. She received her J.D. from NYU School of Law in 1989 and her B.A. from Amherst College in 1985. She is a member of the New York and District of Columbia bars. She


volunteers on the Board of Gifts for the Homeless, Inc. (a non-profit organization dedicated to helping the homeless in the greater DC area). Elisse B. Walter appointed commissioner of the Securities and Exchange Commission (SEC) by President George W. Bush and was sworn in on July 9, 2008. She was later designated the 30th chairman of the SEC by President Barack Obama, and she served as the agency's leader from December 2012 to April 2013. She served as acting chairman in January 2009. Prior to her appointment as an SEC commissioner, Ms. Walter served as senior executive vice president, Regulatory Policy & Programs, for FINRA. She held the same position at NASD before its 2007 consolidation with NYSE Member Regulation. Ms. Walter coordinated policy issues across FINRA and oversaw a number of departments including Investment Company Regulation, Member Education and Training, Investor Education and Emerging Regulatory Issues. She also served on the board of directors of the FINRA Investor Education Foundation. Prior to joining NASD, Ms. Walter served as the general counsel of the Commodity Futures Trading Commission. Before joining the CFTC in 1994, Ms. Walter was the deputy director of the Division of Corporation Finance of the Securities and Exchange Commission. She served on the SEC's staff beginning in 1977, both in that division and in the Office of the General Counsel. Before joining the SEC, Ms. Walter was an attorney with a private law firm. Ms. Walter is a director of Occidental Petroleum Corporation, SASB Foundation and the National Women’s Law Center; a member of the Academy of Women Achievers of the YWCA of the City of New York and the FINRA Investor Education Foundation; a member of the SEC’s Investor and Fixed Income Market Structure Advisory Committees; and a member of the inaugural class of the ABA's DirectWomen Institute. She also has received, among other honors, the Presidential Rank Award (Distinguished), the ASECA William O. Douglas Award, the SEC Chairman's Award for Excellence, the SEC's Distinguished Service Award, and the Federal Bar Association's Philip Loomis and Manuel F. Cohen Younger Lawyer Awards. She graduated from Yale University with a B.A., cum laude, in mathematics and received her J.D. degree, cum laude, from Harvard Law School. Tom Weaverling is Director, Business Development and Innovation, in the FINRA Registration and Disclosure (RAD) department. He focuses on enhancing customer experience within the licensing and registration process and leads efforts working with member firms and their representatives and the implementation of the Financial Professional Gateway. Mr. Weaverling’s responsibilities include collaborating with member firms, internal business stakeholders and the technology team. Mr. Weaverling also drives enhanced customer support strategies within the Gateway Contact Center and incorporating modernized technologies, industry best practices and omni-channel support systems. He joined NASD as a quality assurance consultant in 1999 in the RAD technology department. Since joining the organization, he has served in a number of areas including user testing, training and product management, all with a technology focus. Prior to joining FINRA, Mr. Weaverling worked as a technology consultant with RDA. Jim R. Webb, Principal and CEO of Cape Securities, Inc., began his career in 1990 as a financial planner and has continued to grow in the evolving industry. For 14 years of his 27 years, he worked for several fund and annuity companies as their regional wholesaler. In that time, he met with thousands of brokers and hundreds of broker dealers and was a valued partner in their growth. Mr. Webb’s leadership skills, passion for improved services for his clients and reputation as a problem solver all contributed to his success as a wholesaler. In 2007, Mr. Webb became the owner of Cape Securities, Incorporated. Intent on overcoming the challenges of growing a FINRA compliant small firm, Mr. Webb determined that being actively involved in understanding and advocating on regulatory matters and forming strong networking relationships with other small member firms and FINRA was essential for the success and growth of his company. By his steady and enthusiastic joint commitment to his individual business interest and members of the industry as a whole, Cape has grown over the past 10 years from a tiny firm with just two financial advisors into a firm with just under 100 representatives serving customers nationwide. Mr. Webb is a member of the District 7 committee and he is on the Regulatory Advisory Committee (RAC). As a member of these committees Mr. Webb applied a practical and common-sense approach to balancing the needs of regulators, with the challenges faced by a small firm. Mr. Webb enjoys productive interaction with other FINRA members and staff in seeking solutions to problems that face the industry nationwide, he sought to serve and has served, both past and present. Mr. Webb has served as a panelist and speaker at many FINRA regional and National meetings. Topics covered include: How a small firm can best use social media, Changes in business and how to best consult the CMA/MAP groups and Outside Business activities, among others. He currently holds Series 4, 7, 8, 24, 28, 63, and 66 Securities Registrations and insurance licenses. While building his broker dealer he created and insurance agency and a SEC registered investment advisory to provide clients a true financial concierge.


Ed Wegener is Senior Vice President and Midwest Regional Director for FINRA. In that role, he is responsible for leading the department of Member Regulation’s regulatory efforts for the region including its surveillance and examination programs. Mr. Wegener started with FINRA (fka NASD) in 1998. Since that time, he has lead or been involved in several significant fraud, sales practice and financial and operational examinations and investigations. He has served in a leadership role in a number of key strategic initiatives for the organization including the design and implementation of FINRA’s risk-based examination program. FINRA is responsible for regulating brokerage firms and licensed brokers doing business in the United States. The Midwest Region covers firms and individuals conducting securities business in the states of Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin. FINRA’s Midwest Region is made up of approximately 130 surveillance and examination staff. Mr. Wegener is a graduate of Illinois State University and he has a Certified Regulatory and Compliance Professional™ designation from the FINRA Institute at the Wharton School of the University of Pennsylvania. He is also a Certified Anti-Money Laundering Specialist. Mr. Wegener has completed the FINRA Leadership Program at the Wharton School and the Leadership Development Program at the Center for Creative Leadership. Stephanie Weiss has spent more than 25 years in Treasury at various global financial firms. She is currently the Treasurer of Mizuho Securities USA, where she created and implemented the Corporate Treasury/Liquidity Management function. She is responsible for the unsecured funding of the balance sheet, investing excess cash, developing policies and procedures related to funding, investing and transfer pricing, consistent with regulations where applicable. She is also responsible for liquidity management, and has developed reports, analyses, policies and procedures to monitor, manage and mitigate liquidity risk to the firm. She is a member of the ALCo and Risk Committees, as well as the New Products Committee. She is also responsible for developing and maintaining relationships with banks, regulators and rating agencies for liquidity. John Weitzer is Managing Director and Americas Head of Regulatory Compliance, Global Banking and Markets, at HSBC. Prior to joining HSBC, Mr. Weitzer served as Managing Director and Chief Compliance Officer for RBC Capital Markets, covering the Firm’s investment banking, research, sales and trading activities. Mr. Weitzer has more than 20 years of industry and regulatory experience, including various senior compliance positions at Barclays Capital and Lehman Brothers. He began his career as an examiner for the New York Stock Exchange which merged with the NASD in 2007 to form FINRA. He is a member of the FINRA New York Region Committee as well as a Board member of “You Gotta Believe”, the only NYC Metro organization that exclusively focuses on finding permanent families for older youth in foster care. James H. Williams is a registered principal of Financial Telesis Inc. (FTI). He provides regulatory and compliance consulting for FTI. From 2014 through September of 2017, he was President and owner of Gogan & Williams, an accommodation broker dealer, located in northern California. That firm was sold in September, 2017. Mr. Williams has more than 30 years experience in the securities’ industry as a CFO, CCO, FINOP, President and owner. Mr. Williams began his securities career in 1985 as the CFO, CCO and FINOP for Planned Investments Inc., a general securities’ firm located in San Francisco, CA. In 1988, he became the Senior V.P., CFO and CCO for Grigsby Brandford, a municipal bond underwriting firm in San Francisco with branch offices in many major cities across the country. In 1992, he founded Financial Telesis Inc. (FTI), a California based broker dealer and RIA, specializing in providing services and support for retirement plan and wealth management representatives and advisors. At the time of its sale in July, 2014, FTI had more than 480 reps/advisors, and produced in excess of $81M of annual commissions and fees. He has extensive regulatory experience, including a three year term for the NASD District 1 Committee (2008-2010), and was elected Chairman of that committee in 2010. He also served an additional three year term as a member of the FINRA District 1 Committee (2015-2017). He was also a member of the 2010 FINRA Advisory Council. He was elected to the mid-size firm seat on FINRA’s National Adjudicatory Council (NAC) for the 2011-2013 term. He is a past President of the Board of Directors, San Francisco Chapter IAFP, and also served as Treasurer for the National Association of Independent Broker Dealers (NAIBD), a non-profit broker dealer industry association. He is currently a member of the Small Firm’s Advisory Committee (SFAC). Mr. Williams has an undergraduate degree from the University of Maryland and an MBA from Golden Gate University. Mary Ellen Williams is Chief Financial Officer and Chief Compliance Officer of Lieblong & Associates, Inc. in Little Rock, AR. Lieblong & Associates is a full service, independent broker/dealer and SEC-registered investment advisory firm. Ms. Williams serves as the firm’s FINOP and General Securities Principal in addition to overseeing the compliance programs for both the broker/dealer and investment advisory businesses. Ms. Williams began her career in retail banking prior to joining Lieblong & Associates in 2002. She received her Bachelor of Science in Business Administration degree with a major in Finance from the University of Arkansas and her Master’s Degree in Business Administration from the University of Central Arkansas. She is a current member of FINRA’s South


Region Committee and previously served on FINRA’s District 5 committee. Ms. Williams holds the Series 7, 24, 27 and 63 securities licenses. Jeanette Wingler is Associate General Counsel in FINRA’s Office of the General Counsel. Ms. Wingler’s responsibilities involve a variety of regulatory areas, including recruitment practices, research analyst conflicts, Regulation S-P, and seniors and other vulnerable investors. Prior to joining FINRA in 2014, Ms. Wingler was an associate at Dechert LLP, where she advised on regulatory and compliance matters for broker-dealers, investment advisers and investment companies. Ms. Wingler graduated from the University of North Carolina at Chapel Hill with a bachelor’s degree in political science and history. She has a law degree from Duke University School of Law. Bill Wollman is Executive Vice President, Member Regulation—Risk Oversight and Operational Regulation (ROOR). In this capacity, he oversees regulatory supervision for the largest and most systemically important member firms. He also oversees financial and operational examinations for this same group of large firms focusing on customer protection and risk management issues. Mr. Wollman has been with FINRA since its inception in 2007. Prior to joining FINRA, Mr. Wollman spent 18 years at the New York Stock Exchange in similar roles. In 2001, he was appointed to lead one of the financial oversight departments that examined NYSE members for compliance with financial and operational rules. Mr. Wollman also serves on several internal FINRA committees relating to governance over FINRA technology development and changes to the Member Regulation supervisory program. Mr. Wollman holds a Bachelor of Science in finance from Manhattan College. Haimera Workie is Senior Director responsible for heading up FINRA’s Office of Emerging Regulatory Issues, which focuses on analyzing new and emerging risks and trends related to the securities market. Previously, Mr. Workie served as Deputy Associate Director in the Division of Trading and Markets at the U.S. Securities and Exchange Commission. In this capacity, Mr. Workie was tasked with developing a variety of Dodd-Frank Act related rulemakings, supervising policy matters related to market intermediaries and financial market utilities, and representing the Commission before several international standard setting bodies. Mr. Workie also previously served as Counsel to Commission Chair Mary Schapiro. Prior to joining the Commission, he was an associate at the law firm of Skadden, Arps, Slate, Meagher & Flom, with a practice focusing on corporate law. He is a graduate of the Massachusetts Institute of Technology (B.S., M.S.) and Harvard Law School (J.D.). James S. Wrona is Vice President and Associate General Counsel for FINRA in Washington, DC. In this role, he is responsible for various policy initiatives, rule changes and litigation regarding the securities industry. Mr. Wrona formerly was associated with the law firm of K&L Gates LLP, where his practice focused on complex federal litigation. He also previously served as a federal law clerk for the Honorable A. Andrew Hauk of the United States District Court for the Central District of California (Los Angeles). Mr. Wrona is a frequent speaker at securities and litigation conferences and author of numerous law review articles, including The Best of Both Worlds: A Fact-Based Analysis of the Legal Obligations of Investment Advisers and Broker-Dealers and a Framework for Enhanced Investor Protection, 68 Bus. Law. 1 (Nov. 2012); The Securities Industry and the Internet: A Suitable Match?, 2001 Colum. Bus. L. Rev. 601 (2001). David Yacono is Senior Director of Cyber & Information Security at FINRA. His current responsibilities include FINRA’s software security program, which provides security assurance services to a portfolio of more than 100 internally developed systems, as well as FINRA’s third-party risk management program which evaluates, monitors, and manages the cybersecurity risk posed by FINRA’s vendors, cloud providers, and other third-party relationships. Mr. Yacono is also responsible for FINRA’s IT Security Risk Management and Compliance programs, which ensures compliance with IT security standards including FISMA, PCI-DSS, and FBI-CJIS. Since joining FINRA in 1999 he has served in various roles responsible for ensuring the secure and reliable operation of FINRA’s information technology systems, including security architect and security engineer. Mr. Yacono specializes in the application of information security processes, methodologies, and tools to protect the confidentiality, integrity, and availability of information and information processing systems, with special emphasis on financial services; he has nearly 25 years of experience in cybersecurity. Mr.Yacono earned a Bachelor of Science in Electrical Engineering from the University of Maryland, and holds current certifications as a Certified Information Systems Security Professional (CISSP), a Certified Secure Software Lifecycle Professional (CSSLP), and a Certified Third Party Risk Management Professional (CTPRP). Steve Youhn joined ProEquities as CCO in 2016 with more than 20 years of industry experience. Before ProEquities, he worked with The Vanguard Group where he was responsible for the broker/dealer compliance program. Mr. Youhn also served as CCO for Lincoln Financial Network’s broker/dealers (Lincoln Financial Advisors Corporation and Lincoln Financial Securities Corporation) and M Financial Group’s broker/dealer unit, M Holdings


Securities. Before transitioning to compliance, Mr. Youhn served as Senior Counsel in the Chicago Board Options Exchange’s legal department and the United States Securities and Exchange Commission’s Division of Market Regulation. Mr. Youhn has a JD from Stetson University College of Law, a MBA from The University of Florida, and a Bachelor of Science from the University of South Florida. He holds the Series 7, 24, and 63 licenses.

2018 finra annual conference speaker biographies · gabriela aguero is director in finra’s...

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