Interpreted securities statutes and regulations.  Led regulatory investigations. Emphasis on SEC, NYSE, NASD, MSRB, and CBOE rules.  Reviewed member firms’ Sales Practices with retail and institutional clients for appropriateness. Analyzed member firms’ financial and regulatory reporting for compliance with SEC’s Net Capital and Reserve Formula Rules for appropriate capital levels.

Answered regulatory subpoenas and inquiries regarding firm’s trading practices and management of its Chinese Wall policies and procedures structured to guard against Insider Trading.  Monitored employee, proprietary, and client trading strategies for misuse of material non-public information. 

Surveillance of broker-dealers’ market making activities for: illegal price fixing, collusion, improper backing away, late trade reporting, inter alia. Reviewed members’ Sales Practices with regard to Customers’ securities positions and money balances for appropriateness. Analysis of financial products including limited partnerships, mutual funds, options, equities, and fixed income issues.

Accounting, financing and settlement of firm’s trades done on Repurchase Desk.  Review collateral on hand to secure financing.