Experience

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  INX Limited

  • Greater New York City Area

  • CEO/CCO of INX Ltd's Affiliated Broker/Dealer INX Securities, LLC

    • May 2021 - Present
    • Greater New York City Area

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  Sageworks Capital, LLC

  • New York, NY

  • CEO

    • Jun 2017 - May 2021
    • New York, NY

    CEO and owner of a FINRA BD specializing in crowdfunding/peer to peer servicing with specific specialties in Reg A+, Reg D. The firm also has a secondary market platform for the aforementioned crowd funding assets and other alternative investments. Focused on private placements and the processing of such transactions via proprietary in house system. Prepared the AML, BCP and WSP manuals, BD forms and continuing education training. AML and BCP officer.FINRA Series 4, 7, 24, 28, 53, 63 and 65 licenses.

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  Sageworks Capital, Inc

  • New York, NY

  • CEO

    • May 2013 - Jun 2017
    • New York, NY

    CEO and owner of a FINRA BD specializing in crowdfunding/peer to peer servicing with specific specialties in Reg A+, Reg D. The firm also has a secondary market platform for the aforementioned crowd funding assets and other alternative investments. Focused on private placements and the processing of such transactions via proprietary in house system. Prepared the AML, BCP and WSP manuals, BD forms and continuing education training. AML and BCP officer.FINRA Series 4, 7, 24, 28, 53, 63 and 65 licenses.

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  EagleView Securities, Inc./EagleView Advisors, Inc.

  • Doylestown, PA

  • CCO

    • Dec 2014 - Aug 2015
    • Doylestown, PA

    Oversaw the closure of a legacy BD and the opening on a brand new BD. Created all the necessary manuals including the WSP, BCP and AML manuals. Established selling agreements with over 20 companies and facilitated the transfer of accounts from legacy BD to new BD which resulted in income of over $30,000 per quarter. Helped establish a clearing relationship for the equity trading part of the business. Acted as the firm’s BSA and AML Officer. Created and provided training to all staff on both the Investment Advisory and BD sides of the business..

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  iTB Holdings Inc.

  • New York, NY

  • Consultant

    • Mar 2011 - Jan 2014
    • New York, NY

    Responsible for all compliance and operational issues as it relates to the firm's proprietary online fixed income trading system, iTB Connect. Helped structure and identify all compliance issues as they relate to the system such as MSRB/TRACE reporting, trading limits and confirms, trade breaks and other operational issues. Successfully prepared and obtained FINRA 1017 approval for prop trading. Worked with IT to make the system fully integrated with the iTB's clearing firm's back office system, BETA. Prepared the firm's CE program and WSPs. Helped set up relationships with other BD's in order to provide liquidity.

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  InterMerchant Securities, LLC

  • New York, NY

  • CEO

    • Mar 2010 - Mar 2011
    • New York, NY

    Responsible for all operational, compliance, financial, IT, regulatory and legal matters as they relate to the FINRA registered B/D. Responsibilities include all day to day regulatory responses and coordination, suspicious account activity reviews, wire activity review, KYC account review and approval, risk management, SAR filings, FinCen requests, private placement supervision, prepared AML and WSP manual, research reviews and continuing education training. AML and BCP officer.

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  Jesup & Lamont

  • COO & CCO

    • Oct 2008 - Dec 2009

    Responsible for all operational, compliance, financial, IT, regulatory and legal matters as they relate to the FINRA registered B/D and SEC Investment Advisor. Supervise a staff of over 120 registered reps. FINOP, Member of Executive Management Committee and COO of JLI, the publicly traded holding company. Responsibilities include all day to day regulatory responses and coordination, risk management, capital markets support, IARD, MSRB,TRACE and CRD administration, institutional and retail fixed income compliance, ACT and other reporting compliance, customer complaints (3070), research report reviews, investment banking oversight, supervision of the entire operations department, assessing risk for origination and underwritings as member of Commitment Committee, worked with Sungard and clearing firm in developing product specific exception reports, preparation and review of written supervisory procedures, CE training, trading and market making supervision and all other matters as they relate to firm’s operations and compliance. Responsible for implementation of the firms new Bloomberg fixed income (TOMS) and equity (SEOMS) trading systems. Liaison and work with all vendors including clearing firms, Bloomberg and SunGard. NASD Series 4, 7, 24, 28, 53, 63 and 65 licenses.

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  Safdie Investment Services Corp.

  • COO/CCO

    • May 2005 - Oct 2008

    Responsible for all operational, compliance, IT, accounting, regulatory and legal matters as they relate to the NASD Registered B/D and SEC Investment Advisor. Supervise a staff of 13 registered reps, 5 operations personnel and 8 investment advisors. Responsibilities include all day to day decision making, project management, contract management contracts, IARD, MSRB and CRD maintenance, Form ADV and Form BD updates, budgeting, US and International fixed income sales and trading compliance and operational support, syndicate compliance, restricted person access review, supervision of the entire operations department, customer complaints, daily transaction review, new account review and approval, correspondence, advertising and email review, conflict of interest assessments, ensuring adherence to Code of Ethics, rewrote and implemented enhanced written supervisory procedures, CE training, offshore and hedge fund eligibility reviews, and all other matters as they relate to the operations and compliance of the investment advisor and b/d. Responsible for all human resource, technology, administration and facilities issues. Work closely with the parent company in Geneva to coordinate banking efforts for clients of both entities. Member of the Management Committee.

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  US Trust

  • VP RegulatoryRisk Control

    • Nov 2003 - May 2005

    Responsibilities included ensuring compliance in all areas of Operations. The areas include Securities Services, Bank Operations, UST Securities Inc. (NASD B/D), 4 SEC Investment Advisors, Equity and Fixed Income Trading, Custody and Trust Services and Mutual Funds (Excelsior). Supervised the Quality Control Group which included reconciliation oversight, policies risk management and procedures review and updates, Sarbanes-Oxley certification and internal controls review. Responsibilities include resolving and/or pre-emptive recognition of any possible regulatory, compliance or legal issues within Operations. Responsible for all regulatory reporting including 13F/G/D, US Owners of Foreign Securities Report, Foreign Owners of US Securities Report, BE-82/85 reports. Other responsibilities include Regulation O compliance monitoring, equity trading oversight (prime brokerage and soft-dollar), asset allocation review, enhanced due diligence, mutual fund agreements review, addressing and resolving all compliance and audit issues, mutual fund timing reviews, registrations, advertising and sales literature, expense agreements (23A/B), signing authority review, OFAC, EDD and AML coordination and oversight, ERISA compliance and any other matters that are regulatory or legal in nature. Operations’ representative during all regulatory examinations including NASD, SEC, OCC, FED and NY State Banking Department

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  BBVA Securities Corp.

  • CCO

    • Aug 2001 - Nov 2003

    Responsible for the entire supervision of the Section 20 (Foreign Bank Affiliated) B/D and US Bank Branch. Responsibilities include money laundering, enhanced due diligence, USA PATRIOT ACT, written supervisory procedures and code of ethics implementation and updates, monitoring and OFAC compliance, trade surveillance, ensuring compliance with all BSA requirements, institutional fixed income and equity trading account supervision, Prime Brokerage account set-up and supervision, NASD Rule 2711 and Regulation AC supervision of all research materials and disclosure monitoring, equity and debt capital markets compliance including coordinating Reg S and 144A offerings through primary Spanish Bank affiliate, preparing and implementing compliance strategy and initiative for the NY office that is the basis for global compliance operations, coordinating examinations with the NASD, SEC and FRB, continuing education firm and regulatory elements, chaperoning of non-US B/D’s (SEC Rule 15a-6), financial oversight (SEC Rule 15c3-3), interpretation of all new rules and regulations, development and implementation of all regulatory and operational initiatives. Participated on the Anti-Money Laundering Committee, Operational Risk Committee and New Products Committee. Extensive knowledge of Web CRD and IARD, FOCUS reporting, 3070 reporting, NASD, SEC, MSRB and state regulations.

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  Security Financial Network, LLC

  • COO/CCO

    • Nov 1999 - Aug 2001

    Responsibilities included supervision of all registered representatives, reviewed and approved all new accounts for the B/D and the SEC registered investment advisor, successfully coordinated with the SEC an oversight examination, reviewed daily transactions and monthly account statements, Form BD, U-4 and U-5 filings, prepared and implemented new written supervisory procedures for the broker/dealer and investment advisor, prepared monthly net capital computations and FOCUS reports, regulatory and operational issues and prepared management reports to the partners of the firm.

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  NASD/FINRA

  • Greater Philadelphia Area

  • Securities Examiner

    • Sep 1997 - Nov 1999
    • Greater Philadelphia Area

    Conducted over fifty examinations of BDs, testified and prepared evidence for arbitration and legal proceedings, reviewed audited financial statements and new business activity proposals, responsible for monitoring twenty broker/dealers on a monthly basis, computed net capital (SEC Rule 15c3-1(3)), reviewed FOCUS reports, acted as a mentor to new employees in a training capacity. Winner of the NASD Above and Beyond Award for the work done with the NASD’s INSITE initiative.