2013 FINRA District Committee Election Candidate Profiles – District 10

 

Small Firm Representative Candidates

 

Lew Breckenridge

Chief Compliance Officer

KKR Capital Markets

 

Biography

Lew Breckenridge is currently a senior member of the Compliance team at Kohlberg Kravis Roberts & Co. (KKR) and is the Chief Compliance Officer of KKR Capital Markets. At KKR Capital Markets, Lew oversees the compliance program for a growing broker/dealer which conducts capital markets transactions ranging from a hundred million dollar private placements for middle-market companies to multi-billion dollar underwritings for KKR's largest private equity buyouts. KKR Capital Markets also conducts all of KKR's fundraising activities for its private equity funds and other investment products.

 

During Lew's career, he has provided compliance expertise to multiple types of regulated businesses including capital markets, sales and trading and asset management. Lew has been an integral part of the compliance department in every company which he has worked for, where business partners and colleagues regularly seek his advice on supervision, controls and risk management.

 

Prior to joining KKR in 2010, Lew was a Compliance Officer at both Barclays Wealth and Bank of America. In both roles, Lew was responsible for a wide range of compliance matters related to sales practice issues, fundraising for alternative investments, conflicts of interest, sales and trading, information barriers, among many other areas. He started his career at NASD as an examiner. Lew holds a B.S. from Kansas State University and is registered with the Series 7, 24 and 99 licenses.

 

Personal Statement

I believe in the self-regulatory organization model for our broker/dealer community. The growing complexity of rules and regulation for our businesses require an intense focus from both compliance officers, as well as the principals of member firms. I believe it is critical that compliance professionals participate in the dialogue of our industry's regulation. The District Committee is an effective forum to help shape the issues facing our industry. As a small firm member, KKR Capital Markets is continually presented with unique and complex business issues that are very relevant to the new rules and regulations that are being created. I wish to bring my small member firm experience to the Committee to provide practical and real advice on rule enhancements and proposed rule changes.

 

I enjoy working with my peers at other member firms on business developments, issues and other trends we see in the industry. I hope to also use my seat on the Committee to bring these industry trends to light, but also recommend best practices and practical risk management tools in addressing these issues. I will keep the small member firms in mind and remember the importance of being able to implement new rules and manage risk within an organization even when faced with a limited compliance budget. I am motivated and excited to be a representative for a small firm member seat and look forward to receiving your vote to serve as a representative for our self-regulatory organization.

 


 

Gordon Charlop, Ph.D.

Managing Director

Rosenblatt Securities Inc.

 

Biography

NYSE Floor Broker 23 years. Currently NYSE Floor Governor. PHD in Organization & Management – Adjunct Professor – SUNY. Holder of Series 4, 7, 8, 14, 15, 24, 25,27,55, 63 licenses. Served three years on District 10 Committee.

 

Statement

FINRA is served by the input of veteran small firm principals. They need to hear how we have full respect for regulations that preserves the integrity of the markets but that over-regulation can be unnecessarily burdensome. And that this cost must be factored into the decision making process. My record on working to find this balance is the biggest reason for my constituents support.

 


 

Chia Shin (Justin) Chen

Chief Compliance Officer

Banorte-Ixe Securities International, Ltd.

 

Biography

I joined Banorte-Ixe Securities International on August 2010 and currently serve as the Chief Compliance Officer and AML Officer. Banorte Securities merged with Ixe Securities on 2011, where I had the leading role in the FINRA Continuing Membership Application process and many other aspects of the merger. I am a CAMS certified AML Officer and an active member of ACAMS NY Chapter. From 2006-2010, I co-founded a broker/dealer where I served as the Chief Operating Officer, Chief Financial Officer and Financial and Operations Principal. My prior experience from 1997 to 2006 included positions as Senior Equity Trader, Risk Manager, Branch Manager, and Compliance Officer. I maintain FINRA Series 4, 7, 24, 27, 53, 63 and 65 Licenses. I graduated with top honors, Summa Cum Laude, from Radford University with a Bachelor of Business Administration, majoring in Finance and minor in Economics.

 

Personal Statement

I am running for the District Committee because I understand the struggles and challenges small Broker/Dealers with limited resources are going through. Having built a Broker/Dealer from the ground up and having to implement all aspects related to operations, finance and compliance has given me great insight and understanding of the needs of small Broker/Dealers. I also have experience with SEC Investment Advisors and Money Market Funds. If you vote for me, I will commit to be the voice and represent the needs of small Broker/Dealers while earning your trust to be the bridge between small broker/dealers and FINRA. Thank you very much for your consideration.

 


 

Nina J. Ihnken

Vice President—Compliance

Abel/Noser Corp.

 

Biography

Business skills and day-to-day job responsibilities:

  • Dexterity to multi-task, adapt to new changes and rapidly confront new challenges
  • Good interpersonal, organizational and analytical skills
  • Strong work ethic
  • Ability to work independently and in a team environment
  • Excellent problem solving, oral and written communication skills
  • Passionate about reading - not only do I enjoy being current on industry regulations and best business practices, it also helps to ensure my firm meets regulatory standards.
  • Writing and updating the firm's policies and procedures (WSPs); also assisting in the research of and responding to regulatory inquiries and exams.
  • Advising management on significant compliance matters and issues.
  • Supervise Back Office Operations and accounts' due diligence.
  • Interacting with regulatory agencies and exchanges.
  • Handle regulatory filings for B/D and RIA; regularly schedule CRD examinations and Continuing Education sessions.
  • Responsible for OATS recordkeeping and AML Compliance.

I have been involved with the NSCP and the NAIBD; I have also attended varied SEC and FINRA conferences as well as NYSE and Federal Reserve events.

 

Personal Statement

I am running for the District 10 Small Firm Seat because I honestly believe I can make significant contributions while making meaningful modifications in how small firm issues are handled. To me, Compliance is not about whistleblowing or pointing fingers; it is about being diligent by keeping your firm and employees out of trouble. Compliance means making a difference by getting involved with various entities by making sure your voice is heard by regulators. A small firm's belief in the fairness of the system can be taxing sometimes yet unbiased honesty can be refreshing. I have the qualifications necessary to do the job successfully, not only before my peers but throughout the financial industry.

 


 

Moses Silver

CEO

Kensington Capital Corp.

 

Biography

I have been employed at Kensington Capital Corp. since 1992. I have served as CEO of this small firm for the past five years and I recently took on the position of Chief AML Officer. I have dealt with most types of challenges that have been presented to our industry in the recent difficult market environment. I hold the Series 7, Series 63, Series 24, Series 53, Series 55 licenses and am CAMS AML certified.

 

Personal Statement

I am running for the open seat on the District Committee because being a CEO of a small firm myself, I feel that I can contribute and help our small firm brethren in our complex compliance environment and the challenge of competing with larger firms. The District meetings give members the opportunity to meet with the Regulators and provide them with the small firm input regarding new rules and guidelines. As a member, you get the opportunity to let the regulators know what is happening in the industry, what rules are working and what rules are so cumbersome to comply with.

 

I believe that an open line of communication, both with the regulators and with the member firms, is the only way "Self Regulation" can work successfully. As a district member I would provide my email and telephone number for any member that would like to communicate with me. I believe small firms offer the investment community a unique business proposition whereby we don't impose principal products and we give our clients a higher level of personal attention. For this reason I will fight to keep small firms in business, and being involved in the District Committee is an excellent avenue to do this.

 


 

Francis Treglia

CCO/Fin Op

SIG Brokerage LP

 

Biography

I have been involved in the securities industry for over 25 years and have extensive experience in the compliance and trading/operational areas on both the retail and institutional side. Through the years in the industry, I have witnessed and worked through many changes: from manual tickets/wire rooms to fully electronic OMS's, from the old NYSE floor structure to the current Reg. NMS environment, from the separation of Research and Investment Banking to the emergence info barriers/Chinese walls, and from the upstairs OMS's to the downstairs exchange systems including all the market access rules. The regulatory landscape as well as innovative changes is far too many to list as much as they are/were exhilarating and educational to work through. My long career and diverse industry background hopefully will provide the expertise needed to identify potential regulatory issues as well as assist in their resolution.

 

Personal Statement

My extensive background in many areas of the securities markets affords me the knowledge and understanding of the issues facing the industry including developing viable solutions that work. My in depth knowledge of the SEC/FINRA rules and how they actually work and are applied with in our own broker dealer as well as in the market place would allow me to make significant contributions to the district committee.

 

Francis J. Treglia