Robert L. (Bob) Hamman
First Asset Financial Inc.
Starting with a Series 7 in 1976, I progressed through two national brokerage firms and started my own broker dealer in 1987. Since that time I have been President, Chief Compliance Officer, General Principal and the Financial and Operations Principal of a broker dealer on a continuous basis for 26 years. I have experienced multiple NASD/FINRA, SEC and state examinations over the past 26 years. Most exams went well, however my firm was fined $10,000 in 2013 for violation of the e-mail regulations. In addition to the series 7 and Series 24 (General Securities Principal) I hold a Series 53 (Municipal Principal), Series 4 (Options Principal), Series 27 (Financial and Operations Principal) and Series 65 (Investment Advisory Representative) licenses. I am also the President of Chief Advisors Corporation, a state Registered Investment Advisor. Prior to entering the investment business in 1976, I was an Assistant Professor of Business & Economics at a Missouri college and hold a Bachelor and Masters Degree. Some years ago I obtained the CFP designation. I have spent many years in community service, currently serving on the Coronado Council Board for the Boy Scouts of America (past Program Chmn. on the Executive Board, current Budget Chairman) and on the Board of Stewardship for my church and have previously served on the City Design Review Board, Public Building Commission, United Way (Chairman) and many others.
I value both the sales point of view, as well as the need for consumer protection. Therefore, when addressing new regulations, I am practical and prefer FINRA implement policies that will make sense to the client as well as the advisors. I work in sales every day managing a small full service firm and have extensive experience in compliance and operations. I understand both the financial and compliance ramifications of running a broker/dealer and how FINRA's rules, regulations and actions affect broker/dealers, especially small firms. If elected, I would encourage FINRA to provide small firms with clearer guidance on the regulations, either in written form or verbal, to better clarify the rules and regulations. I believe that small firms need clear, articulate voices on the District Committee to ensure that small firms remain viable and important within the current and future regulatory structure. In representing our District, I will collaborate with member firms and FINRA to effectively develop solutions to the issues.
President & CCO
M&A Securities Group, Inc.
I have been in the securities industry since moving back to Kansas City in 2006. As the Chief Compliance Officer of two member firms and the owner of one, I suspect my colleagues and registered reps would describe me as one who thinks outside of the box, is non-traditional and is solution based. The maze of securities regulations under which we operate is vast and detailed and I for some reason enjoy the analysis that comes with compliance. Though my firm is quite specialized in non-retail investment banking advisory work, I do think my approach would be valuable in representing our district.
I anticipate that my non-traditional approach may benefit the system. I would commit to a thoughtful, open-minded process on all matters. My father began his career with the NASD in the 1970s and remembers a kinder day for firm owners. I would like to invoke that spirit in committee matters, as I would like to make an impact here so as to avoid future bitterness in our industry. Finally, and perhaps most importantly, aside from my analytical skills, I'm kind of funny so perhaps I could get things done through winning others over with my humor. Thanks for your consideration.
Joseph C. Godfrey
Complex Managing Principal
Waddell & Reed, Inc.
Currently, I lead the Waddell & Reed offices for the Twin Cities which consists of 3 division offices, 7 outside registered offices, 3 field leaders, 55 financial advisors, 7 licensed associates and 27 non-licensed support staff. I began as a Registered Representative in 1998 right out of college with OLDE Discount Stockbrokers in West Des Moines, IA. In 1999 I moved to PaineWebber, went through their training program in New York, completed the Series 65 and insurance licenses and became a financial advisor. Almost two years later I moved into a compliance role with Princor, the B/D for Principal Financial Group. My responsibilities included overseeing and approving outside business activities and registered investment advisors. Within the first few months I passed the Series 4, 24 and 53. In 2002 I went back into the field as an investment representative with First Federal Bank and Locust Street Securities. After two years I became the program manager overseeing 3 financial advisors and 24 licensed personal bankers. During my 7 years with the bank we transitioned from Locust Street Securities to Financial Network and then finally LPL. In 2009 I left the bank and joined Waddell and Reed as a Managing Principal. In less than 4 years we grew the office from 5 advisors to 20. In 2013 I was offered my current role and moved to the Twin Cities.
I am running for a seat on the District Committee because I am passionate about advisors, our industry and leadership. I believe my unique and diverse background will be valuable to our District as I have worked in all channels as an advisor and a Field Leader and I've also worked in a home office and in compliance. Thank you for your consideration!
James M. Martin
Managing Director and Assistant General Counsel
Piper Jaffray & Co.
I have worked in the securities industry for over 20 years, the last 10 of which have been at Piper Jaffray where I have served as Assistant General Counsel.
My responsibilities at Piper Jaffray include providing counsel to the firm's investment banking and capital markets functions, which includes day-to-day legal advice and oversight of capital markets transactions (public and private) and strategic transactions involving corporate clients of the firm, as well as the responsibility for managing litigation involving these business lines. I serve on the firm's Capital Markets Commitment Committee, its M&A Committee and its Opinion Committee, as well as the firm's Merchant Banking Investment Advisory Committee. I also serve as a member of the Securities Industry and Financial Markets Association's (SIFMA) Capital Markets Committee.
Prior to working at Piper Jaffray, I worked at two large FINRA member firms and started my career in the securities industry as a staff attorney at the U.S. Securities and Exchange Commission in the Division of Market Regulation from 1990-1993. Prior to working at the SEC, I worked as a lawyer in private practice.
I received my undergraduate degree in economics and political science from the University of Michigan and my JD and LLM degrees from Washington and Lee University and New York University, respectively.
Given my regulatory and industry experience, I would bring a broad and well-rounded perspective to the District Committee. My regulatory experience includes not just my time at the SEC but also my prior participation on industry hearing panels.
I have a deep understanding of many of the challenges facing our industry as well as an appreciation for the role that FINRA must play as a self-regulatory organization in an era where there is a great deal of skepticism, not only from the public and other regulators, but also from its own members.
I believe that FINRA District Committees are ideally positioned to help shape and influence FINRA policies and rule-making. If elected to the District Committee, I would be an active participant and would commit to dedicate the necessary time and attention to make a meaningful contribution to our District Committee.
Steve Melichar has served as a Principal at Edward Jones since January 2007. From 2007 thru 2012 Mr. Melichar was responsible for the supervision of customer account and trade activity for all Edward Jones U.S. branch offices. He was also responsible for the supervision of the firm's insurance and annuity business. In January 2012 Mr. Melichar transitioned roles and assumed responsibility for the Compliance Operations departments of Registration, Background Review, Compliance & Supervisory Systems, Client Verification Letters, and Compliance Records. He also assumed responsibility for the firm's Branch Audit department which conducts over 11,000 branch office audits each year. Over the course of the past twenty three years Steve has gained industry experience in a variety of different roles in the securities industry. He has worked as a financial advisor and brokerage services manager with smaller firms and has performed supervisory and leadership roles in the home office of Edward Jones.
Mr. Melichar has a BS degree in Finance from Eastern Illinois University and a MBA from Washington University in St. Louis.
In addition to serving as a FINRA arbitrator since 1998, Steve has worked with FINRA on a continuing education course, was a speaker at an industry conference, and has participated in numerous industry roundtables.
I am running for a District 4 Committee seat because I want to help shape the rulemaking and practices that serve investors while also strengthening the industry overall. My 23 years of industry experience ranges from working as a financial advisor and brokerage services manager for smaller firms to serving as a compliance and supervisory principal at a large national firm. I have worked with both state and federal regulatory authorities on numerous occasions during inquiries, exams, and sweeps. With over 17 years of experience in compliance and supervisory roles I understand the importance of effectively representing the industry in a dynamic and constantly evolving environment. I also understand that our industry is not one size fits all. It consists of many different firms that vary in size and by business models. I feel these unique differences are important and need to be considered as regulations are being developed. I feel that my background and experience will allow me to understand and represent the broad interests of the firms within this district. I appreciate your consideration.
Robert T. Mooney
Chief Compliance Officer
Wells Fargo Advisors, LLC
Bob Mooney is managing director and chief compliance officer of Wells Fargo Advisors, LLC where he is a member of the firm's Executive Committee and is responsible for the compliance, regulatory affairs and internal controls functions for Wells Fargo's retail broker-dealers. Bob has been with Wells Fargo Advisors and its predecessor firms since 1992 when he joined Wheat First Butcher and Singer. During his time with the company he has held a variety of leadership positions, including chief governance officer, chief administrative officer, chief compliance officer, regional director - Private Client Group and assistant general counsel. He has been in his current role since 2008. Prior to joining the firm, Bob spent four years as a Special Assistant U.S. Attorney for the Southern District of New York - Securities and Commodities Fraud Task Force and three years as Senior Counsel for the SEC's Division of Enforcement. A graduate of Mary Washington College, Bob received his J.D. degree from the Columbus School of Law, the Catholic University of America. Bob is a member of the FINRA Compliance Advisory Group. Bob has also been a member of SIFMA Compliance and Legal Society Executive Committee and Compliance and Regulatory Policy Committee.
In my 25 years in the industry, none have been more challenging than the last four years for regulators and member firms alike. I believe that district committee membership provides a vital opportunity to address issues directly with FINRA and otherwise opens lines of communication with the industry. As a firm that has a number of lines of business, it is important to provide an accurate picture of the challenges, benefits and concerns that could affect not only large firms but all firms and investors. It is my personal belief that being an active member of any committee will only help to cultivate a better understanding and appreciation for the role firms and regulators play. Additionally, we still face a number of regulatory changes and input from district committees is essential to providing well thought out solutions for new rules, technology improvements and oversight. I feel my past experience as a regulator and current role as CCO allows me to see both sides of the issue and would be an asset to the District 4 committee. I appreciate your consideration for this membership.
Kelly M. Zigaitis
Chief Compliance Officer
As the Chief Compliance Officer of Scottrade, Inc., I am responsible for implementing all aspects of the compliance program for all lines of business of Scottrade, Inc. I partner with business units to identify risk and integrate regulatory compliance requirements into all business processes. Additionally, I oversee and coordinate regulatory examinations and inquiries.
Previously, I served as Corporate Counsel and Director of Risk Management at Renaissance Financial Corporation where I provided regulatory and compliance oversight to branch offices and advisors. I received my B.A. degrees in Communications Disorders and Psychology from Southeast Missouri State University and my J.D. from Washington University in St. Louis School of Law. I serve on the Securities Industry and Financial Markets Association's Compliance and Regulatory Policy Committee and the National Society of Compliance Professional's Broker-Dealer Committee.
I am excited about this opportunity to serve FINRA's District 4 members. My experience in the financial services industry has been diverse, ranging from overseeing a compliance program for full commission investment advisors to serving in my current role as Scottrade, Inc.'s CCO. This breadth of experience has also afforded me insight into the needs of the various types of client we all serve. Scottrade's mission is to improve lives by helping people overcome barriers to financial success. As a representative to the District Committee, I would promote our client's best interest while advocating for balanced regulation.