Joseph Bata Email & Phone Number

Chicago, Il

U.S. Broker Dealer that provides internet-based brokerage and trading services in equities, options, bonds, futures, and foreign currency on domestic and foreign exchanges. Other operations included securities market maker Timberhill, Inc. NASDAQ listed as IBKR.SEC Rule 144 Equity Transfer Due Diligence Review: Analyzed blocks of SEC listed stock-equities acquired off-market transactions for compliance with SEC Rule 144 prior to their open market sale at IB- Reviewed supporting legal transaction documentation, applicable SEC equity regulatory filings, associated Bloomberg trading metrics, and researched past SEC litigation against customer - Provided a written summary of the analysis to IB's Associate General Counsel to determine if a SEC Rule 144 Legal Opinion of Counsel Letter was to be provided Hedge Fund Capital Introduction Program (“HFCIP”) Applicant Review: An internal investment program designed for high net worth IB customers to invest directly into U.S or foreign based hedge funds with a majority of their trading assets held at IB - A due diligence review was conducted on the hedge fund's operations and prospectus material including offering memorandum, subscription documentation, and other investment marketing material to ensure proper disclosure and consistency with the fund's operations and trading strategy - Conducted operational interviews with hedge fund management - Reviewed audited financial statements, public regulatory disclosures (SEC Form ADV), IB account identification disclosures, and observed trading activity at IB - Provided written summary of the analysis to IB's Legal Counsel and ensured that any issues noted during the review were properly addressed prior to the applicant hedge fund’s acceptance into the HFCIP investment program.

Chicago, Il

NFA is the self regulatory organization of the U.S. Futures and Options industry under the jurisdiction of the CFTC that conducts financial and regulatory compliance examinations and surveillance of member firms that includes hedge funds, non-exchange member carrying brokerage houses, trading advisors, and independent soliciting brokers located throughout the U.S.Financial and Compliance Examiner:Participated in team based on-site field audit examinations of member firms which required:- Performing operational and audit risk assessments of targeted member firms prior to commencement of the examination- Creating internal exam work papers evidencing the audit scope and investigative findings- Delivering comprehensive written and verbal audit reports to member firm management that included recommendations for compliance related operational improvements- Ensuring any issues noted during the examination were properly addressed by firm management prior to the close of an audit examination Financial component of the examination included auditing internal balance sheets and financial records were being accurately calculated and reported in accordance with U.S. GAAP requirements and CFTC regulations. This included:- Brokerage firm's monthly net-capital computation regulatory filings- Hedge fund's monthly investor performance statements Compliance component of the examination included the review of a member firm's work supervisory procedures and recordkeeping for CFTC regulatory and NFA rule compliance. The following areas were reviewed: - U.S. Treasury Anti-Money Laundering programs (SARs, CTRs. KYC)- Customer account identification procedures and records - Review of investment marketing and prospectus material included hedge fund and directed trading program offering memorandums- Bunch-order trade allocation procedures and records- Sales solicitation and customer compliant supervision