Jack Faller Email & Phone Number

New York, Ny, Us

Instead of hiring additional staff, Spotlight can help firms during those busy times with an extra set of hands. Spotlight does provide access to major consultancy firms if you need individuals to register with your firm but we do not register with firms as registered representatives but many of our partners do Our staff was registered was numerous firms of all business lines registered with over 37 firms over 27 years and understands the demands that compliance and accounting can put on you and your staff. Our staff is experienced(NMA's) New Membership Applications to become a FINRA member(CMA's) Continuing Membership Applications ( when buying an existing FINRA member or adding additional business lines at half the cost of a legal firm. Our experienced team has helped multiple firms navigate the CMA process.Municipal Advisor RegistrationPolicies & Procedures Written Supervisory Procedures, Anti-Money Laundering ProceduresBusiness Continuity Plan Customer Identification Program (CIP) Privacy Policy, Website Policy DisclosuresCode of Ethics, Social Media PolicyTraining ProgramsInsider TradingFirm ElementRegulatory Element Reg BI TrainingCompliance Reviews to meet regulatory requirementsMock Regulatory Exams Reviews, Anti-Money Laundering AuditsRetail and Institutional Annual Branch Audits E-mail and Social Media reviews

Comprehensive management and re-engineering of compliance program for proprietary trading firm through the enhancement of Internal Controls, Written Supervisory Procedures, Code of Conduct, AML, Web CRD registrations, Annual Compliance Meeting, Firm Element and various training programs for a firm of 135 registered representatives.Managed FINRA, SEC regulatory requests and clearing firm internal requests regarding the firm’s trading activities by providing written communications to resolve inquiries in a timely manner.Administered compliance requirements and organized books and records for three branch locations, reviewed requests for outside business activities, brokerage accounts for over 100 prop traders and created branch audit program to ensure for compliance.

Restructuring of company's accounting controls and compliance procedures for technology solutions provider related to expense sharing agreements and the development of cost effective soft dollar tracking systems that ensured compliance to regulatory standards.Collaborated with compliance department to handle regulatory audits, state registrations,continuing membership application, and Written Supervisory Procedures.Responsible for maintenance of General Ledger,preparation of financial statements and supporting analyses. Reviewed daily sales activity and trading reports and managed relationship with clearing correspondents to identify erroneous reporting.

Washington, District Of Columbia, Us

Development of relationships with assigned firms to provide education in regulatory standards through monthly reviews, outreach programs, and routine examinations for 75 assigned member firms whose product mix incorporated retail. brokerage, private placements, fixed income, investment banking, variable annuities, proprietary trading.Analyzed financial reports and other relevant data to ensure compliance with all regulations.Conducted examinations of firms and reported potential violations to senior management.

Contribution of expertise toward optimizing financial operations by proficiently supervising accounting,and working with the CEO to monitor settlement activity, and trading. Additionally, provided detailed P&L and sales activity reports instrumental to supporting senior and executive staff in defining and executing targeted business strategies and effective action plans.Managed monthly regulatory inquiries from FINRA /SEC to prepare responses regarding the firm's operations.Implemented regulatory reporting for two broker-dealers which included preparation of Net Capital 15c3-1, monthly and quarterly FOCUS reporting.

New York, Ny, Us

Improved trading efficiencies for international equities department by developing automated profit and loss reporting system. Partnered with the CFO and Settlements Director to enhance review process of the firm’s outsourced clearing operations which led to 20% reduction in monthly clearing costs. Assisted the firm’s Chief Compliance Officer to develop compliance policies and procedures.

Bs, Accounting

Bachelor Of Science, Accounting And Business/Management

Associate Of Arts And Sciences (Aas), Accounting And Finance