Charles Kessler Email and Phone Number

Overall responsibility to ensure strict enforcement of SEC and FINRA rules for both Broker DealersMonitor activities and maintain registrations of 40 Registered RepresentativesRespond to various requests from FINRA and the SEC regarding both BDs' trading and clearing activities, in addition to the Millennium ATSSolely responsible for responding to TMMS examination and FINRA regulatory examinationsVarious other day-to-day activities that enable both BDs to function within a culture of complianceDevelop and enhance the Firm's Surveillance ProgramsMember of NYFIX Inc. Credit Committee; compliance liaison with NYFIX Euro MillenniumMAJOR ACCOMPLISHMENTS: instituted new Written Supervisory Procedures specific to Reg NMS, OATS, Electronic Trading and SEC Rule 605/606

Responsible for the Firm's adherence to NYSE, NASD and SEC Rules and RegulationsCompliance Officer for the Block Trading DeskOverall responsibility for Firm compliance with NYSE Rules 92 and 97 Develop and enhance the Firm's Surveillance ProgramsResponsible for compliance training of all Bear Stearns Registered RepresentativesWork closely with BSC Legal department on all on-going regulatory inquiriesFloor Supervisor responsible for monitoring daily trading activities for sixteen floor brokers and fifteen floor clerks, including responding to regulatory inquiries as necessary, working closely with BSC Legal department; and, working directly with internal audit on NYSE annual examinationsMAJOR ACCOMPLISHMENTS: no compliance issues during annual NYSE audit; led effort to draft and implement Written Supervisory Procedures for The Bear Stearns Direct Access Group; updated Written Supervisory Procedures for the Block Trading Desk, Portfolio Trading Group and Sales Trading Group

Equities Compliance Officer

Managed and provided on-going oversight for the Firm's compliance program and overall compliance culture. Direct report to the Head of Global Compliance for The Bear Stearns Companies.Reviewed proprietary trading in addition to personal trading of firm employees.Monitored and reviewed daily agency trading activity Authored annual report in accordance with NYSE Rule 342.30(e)(iii) and NASD Rule 3013Worked with Senior Management to draft and implement new CEO Internal Controls ReportsMonitored IM's and Emails daily; real-time review of all trading errorsMonitored IDI's Continuing Education ProgramManaged the firm's annual regulatory examinationsMAJOR ACCOMPLISHMENTS: no compliance issues during annual NYSE and NASD auditsCHARLES KESSLER

Chief Compliance Oficer responsible for all Compliance functions of the Broker dealer

Responsible for overall firm compliance with NYSE, NASD and SEC rules. Overall review of trading tickets and activities of ten firm floor brokers and fifteen floor clerksDaily review of trading blotter and communication with direct access customersMaintained daily contact with Clearing House to oversee all aspects of DVP/RVP accounts, including opening new accounts, and AML and e-mail complianceReview of all correspondence generated by the firm's Technical AnalystResponded to real-time situations from trading floorMAJOR ACCOMPLISHMENTS: six NYSE regulatory examinations with no significant compliance problems; one NASD regulatory examination with no compliance problems; designed and monitor firm's continuing education program; created and implemented firm's floor trading policies to comply with strict NYSE interpretation of NYSE and SEC rules for floor brokers

Starting as Trading Analyst, received three promotions culminating in Principal Trading Analyst position. Responsibilities included:Rule 92: Review Exemption Reports to detect whether individual member firms are trading ahead of customer orders for their proprietary accountsRule 98: Monitor Chinese Wall between ten member firms and their respective specialist units$2 Broker Reviews: Monitor trading activities of independent floor brokers on a monthly basis for possible violations of NYSE floor rulesRule 127: Review Exception Reports to detect if member firms are improperly benefiting by trading ahead of block trades executed by customersRCMM and CT Surveillance: Monitor Registered Competitive Market Makers and Competitive Traders to insure adherence to rules (107, 111 and 113) specific to their functionsRule 72b (Clean Agency Cross): Determine if member firms are executing Rule 72b trades properlyRespond to Trading Floor situations, including fiduciary complaints, QT's, error trades, ITS complaintsConduct On-the-Record (OTR) testimony of floor members, in conjunction with staff attorneys, to determine if possible rule violations warrant referral to the Division of EnforcementSupervise four AnalystsMAJOR ACCOMPLISHMENTS: participated jointly with Enforcement in generating a major case against upstairs trader and independent floor brokers who were front-running customer orders; referred two floor members to the Division of Enforcement for violation of On-Floor-Trading; helped develop surveillance for Rule 72b and programs for Rules 92 and 127; taught NYSE Rules and Policies to trading professionals; achieved consistent yearly growth in number of cases referred to Trading Investigations