SFAB Candidate Profiles—New York Region
Managing Partner - CFO/CCO
Autonomous Research US LP
Managing Partner of Autonomous Research US and serve as the firms CFO, FINOP, and CCO, overseeing the daily operations of the broker dealer. My prior experience was as an EVP and CFO/ Director of HR & Internal Audit of a private Broker Dealer/RIA firm providing investment products and financial advisory experience. I have almost 7 years experience in the financial services industry at various levels, as well as 6 years of public audit experience. Being an owner of a small firm, and accustomed to wearing multiple hats, I understand the various pain points and items that could help us grow and continue in this economy.
I am running for a SFAB seat as I am a fellow owner of a small firm and work hard to help ensure our firm succeeds. Many small firm owners wear multiple hats and are constantly working to stay ahead of regulation (or potential regulation) that is in the works. Coming from a background of public audit along with ownership in a broker dealer, I understand both sides of how a regulation can help and both hurt a peer firm. I would like to be a voice for fellow peer firms to help ensure our clients are safe and we can grow.
Chief Compliance Officer & General Counsel
Constellation Wealth Advisors LLC
I currently serve as the General Counsel and Chief Compliance Officer for Constellation Wealth Advisors LLC, a multi-family office registered with FINRA, SEC, NFA and MSRB. I have over twenty years of diversified experience in the securities and financial services industry and serve frequently on conference panels and I am a published author on compliance and risk. I am an adjunct professor in the Financial Services LLM Program at New York Law School lecturing on various topics including "best practices"for Portfolio Managers and aspects of operating in offshore domiciles. I am on the Board of Directors of the Alliance of Merger & Acquisition Advisors ("AM&AA") assisting with expanding the knowledge base for New York middle tier investment banking and private equity sector. I serve as a Small Firm Representative on the FINRA District 10 Committee and also serve as a Hearing Panelist for FINRA District 10. I am admitted to practice law in the District of Columbia, New Jersey, the Federal District Court of Newark and before the United States Supreme Court. I hold Series 7, 24, 53, 63 & 65 registrations. I obtained a B.A. from Syracuse University with a degree in Russian & Eastern European Slavic Studies and my J.D. from the Columbus School of Law, Catholic University of America in Washington, D.C. where I am recognized as a Distinguished Alumnus.
I am running for the SFAB because serving in the role of a Chief Compliance Officer has played an important role in my professional life. I believe that individuals and firms involved in the securities industry have an obligation and responsibility to serve their constituents in an ethical and professional manner. The securities industry has a continual responsibility to ensure that self-regulation accomplished through FINRA membership responds to the changing needs of broker-dealers, associated persons and investors. Continually adapting to market and industry trends and consulting with our members provides the best method to formulate and facilitate rule making that strengthens an already robust regulatory environment that will continue to instill confidence with our investors. Firms should vote for me to represent them because I understand and would be sensitive to their needs. Being on the District 10 Committee would allow me to leverage that position and provide a practical and responsible approach to serving small firms. Self-regulation and business practicability can be compatible and I would seek to assist in the process whereby rules are formulated collaboratively thus strengthening the relationship between the member firm, the District and FINRA itself. I truly believe that I would represent member firm interests well on the SFAB. I appreciate the continual support I receive from the New York Broker-Dealer community.
Link to Resume/CV: http://www.cwallc.com/Myles-Edwards.asp
President, CCO, Finop
Katalyst Securities LLC
Paul Ehrenstein is a C.P.A. and the principal of Paul Ehrenstein Associates, Inc., a firm specializing in maintaining the books and records for many securities brokers/dealers as well as specializing in the area of compliance with securities regulations. In conjunction with the firm's consulting activities, Mr. Ehrenstein serves as the Financial and Operations Principal, Registered Options Principal, Municipal Principal, Equity Trading Principal, Chief Compliance Officer and/or General Securities Principal of a number of securities firms.
Prior to starting his own firm, Mr. Ehrenstein served as a Managing Director of Integrated Management Solutions from 1996-2000. In 1996, Mr. Ehrenstein served as the CFO, COO and Chief Compliance Officer of Oscar Gruss & Co., Inc., a NYSE member firm. From 1995 to 1996 he was the CFO of Value Line Publishing, Inc., and a member of that firm's Investment Committee. From 1990-1995 he was CFO with Mabon Nugent & Co., and from 1985-1990 CFO with NASD member firm Metropolitan Securities, Inc. He has also held positions with Merrill Lynch and E.F. Hutton, in addition to operating his own investment advisory firm.
He is a member of the AICPA and the New York State Society of CPAs. He is also a member of the New York Society's Stock Brokerage Accounting Committee. In addition Mr. Ehrenstein served on the District 10 Committee of FINRA as well as acting as a FINRA Hearing Officer.
Mr. Ehrenstein was also on the staff of both the New York Institute of Finance and Securities Training Corporation, teaching on a number of securities-related topics. He holds a B.A. in Economics and Accounting from Fairleigh Dickinson University.
Mr. Ehrenstein hold Series 4,7,24,27,53,55,63,66,79,and 99 registrations with the NASD.
As well as running my own BD I have also been registered with over 35 other firms in a principal capacity. I am well aware of the difficulties currently endured by the small Broker Dealer in running their day to day operations, the ever increasing amount of time required to maintain their firm's in compliance with more complex rules and regulations. FINRA and the SEC has to often enforced these rules with a one size fits all policy.
I have seen too many candidates in the past make promises they cannot possibly keep. I will not make any such promises. I will ensure that FINRA adapts as many of it's rules to the smaller BD which constitutes the majority of the FINRA membership.
Chief Compliance Officer
Robotti & Company, LLC
Stephen Hart is the Chief Compliance Officer for Robotti & Company. Prior to joining Robotti & Company, Steve worked at BlackRock as a Chief Administrative Officer and Vice President in the Legal & Compliance Department, supporting both global Compliance and Operations. Before joining BlackRock, he worked in the Corporate and Finance departments of Waldron & Goldstein, P.C., focusing primarily on Compliance consulting. Steve earned a BA degree in Political Science from the University of Pennsylvania and an MS degree in Banking and Financial Services Management from Boston University. He holds an Investment Adviser Core Compliance Certification as well as his FINRA Series 7, 24, 66 and 99 licenses.
Throughout my career, I have had the opportunity to build programs and manage firm-wide initiatives.
Having worked for the world's largest asset management firm as the global Chief Administrative Officer for Compliance, and currently working as the Chief Compliance Officer for both a broker-dealer and registered investment adviser of a smaller firm, I have developed strong generalist skills with a broad base of experience.
The firms which the SFAB represent are unique in that our firms encounter issues that larger firms do not. We have limited resources and bandwidth, and by my serving on the SFAB, I pledge to advocate an agenda that promotes small firm BD business growth while allowing exemptions that will not penalize firms of our size with over burdensome costs of implementing regulatory reform targeted for larger money manager and banks on Wall Street. Regulatory reform for small broker-dealers in many cases continues to hurt the viability of registered representatives to sustain a career in his or her line of business. It is all of our duties to protect our investors ultimately, but there must be tailored Compliance programs allowed by our SRO that continue to help firms of our limited size and resources. Regulatory reform is not and cannot be a "one-size-fits-all"model.
I greatly value the thorough and analytical environment of working in compliance and respectfully submit myself as a candidate for the SFAB.
Link to Resume/CV: http://www.robotti.com/our_team.php?team=management