Karen Steighner, Mba Email and Phone Number

Karen is the President & CEO of Compliance Advisers, Inc., a premier, nationally-known regulatory compliance consulting firm for broker/dealers, investment advisers & investment companies. She has over 30 years experience as an regulatory compliance professional providing expert advice regarding securities rules & regulations and working as a Chief Compliance Officer (CCO), Financial & Operations Principal (FinOP) & General Securities Principal for broker/dealers, advisers & investment companies throughout the U.S. She has overseen numerous Rule 206(4)-7 and 38a-1 annual reviews, developed an AML testing module and consulted for Citrix to evaluate industry software programs for compliance with securities regulations. Ms. Steighner has also worked with the Sports Financial Advisors Program to promote financial literacy among athletes. She presents regularly at industry conferences on a variety of compliance topics. Prior to working at Compliance Advisers, Inc., Karen her work included Chief Compliance Officer, Director of Compliance, Taxable Fixed Income Specialist and an Operations Manager. During her career, Ms. Steighner has established and registered new broker/dealers, investment advisers, investment companies, insurance agencies, mortgage companies and telemarketing firms. In addition to earning an MBA from the University of Colorado Denver, she holds a BA in Communication Disorders. She holds Series 7, 63, 24, 65, 27, 79 and 99 registrations. She is also pursuing FINRA's Certified Registered Compliance Professional (CRCP) and the National Society of Compliance Professionals (NSCP)'s Certified Securities Compliance Professional (CSCP) designations. She is an active member of the National Society of Compliance Professionals.

As a registered Financial & Operations Principal (FinOp), engaged by client to evaluate firm capital compliance with Exchange Act Rule 15c3-1 and/or reserve computation(s) under Exchange Act Rule 15c3-3; Analyze unique financial issues and provide expert guidance regarding compliance with SEC and FINRA Financial Rules and Regulations including but not limited to the Net Capital Rules, the Customer Protection Rule and the Financial Responsibility Rules; regular discussions with senior-level management regarding unique financial issues and challenges.

As the Firm's registered Financial & Operations Principal (FinOp), evaluate its capital compliance with Exchange Act Rule 15c3-1 and/or reserve computation(s) under Exchange Act Rule 15c3-3; Analyze unique financial issues and provide expert guidance regarding compliance with SEC and FINRA Financial Rules and Regulations including but not limited to the Net Capital Rules, the Customer Protection Rule and the Financial Responsibility Rules; regular discussions with senior-level management regarding unique financial issues and challenges.Also provide regular guidance and ongoing support to the Firm's CCO in his efforts to ensure compliance with securities laws and FINRA rules.

Registered as the Financial & Operations Principal (FinOp) for MSEC (the Firm's broker dealer) & also serve as a Risk Committee Member for the Firm to assess and manage risks facing the Firm's operations.Registered as MSEC's Investment Banking Principal (Series 24) to supervise its investment banking activities

Served as expert witness related to a high profile securities fraud case

Registered with several firms as the CCO for state and federally registered investment advisers on an outsourced basis

As a Chief Compliance Officer/CFO, Ms. Steighner has been engaged to lead client companies by providing expert guidance to senior management regarding effectiveness and integrity of organization’s overall compliance program to ensure compliance with company policies and requirements of various regulatory authorities.

As a registered Financial & Operations Principal (FinOp), Ms. Steighner has been engaged by client companies to evaluate firm capital compliance with Exchange Act Rule 15c3-1 and/or reserve computation(s) under Exchange Act Rule 15c3-3; Analyze unique financial issues of numerous broker/dealers, provide expert guidance regarding compliance with SEC and FINRA Financial Rules and Regulations, write no-action letters and representing clients in discussions with senior-level members of the SEC and FINRA regarding unique financial issues and challenges.Among others, she has served as the Registered Financial Principal for Overton Securities, Duff & Phelps Securities, Black Creek Capital Markets (formerly, Dividend Capital Securities), Founders Financial Securities, LLC and Aston Diel Securities, LLC.

Engaged to assist accounting team with mapping clearing firm data to accounting department GL and SEC Focus Filings

Provided the Firm's CCO and senior management team with regulatory consulting regarding compliance with SEC regulations and FINRA Rules including but not limited to the Securities Act of 1933, the Exchange Act of 1934, the Investment Advisers Act of 1940, Financial Responsibility Rules & Regulations, GAAP Requirements, SEC Net Capital Rules and Recordkeeping Requirements.Also, provided Financial Activities Oversight, i.e., Supported the Preparation and/or Review of the Firm’s Financial Records, including but not Limited to Annual Audit Report Support—to Ensure Capital Compliance (SEC Rule 15c3-3), Compliance with Financial Responsibility Rules and Compliance with Related Regulatory Requirements Applicable to the Firm. Conducted Capital Impact Reviews - Review Agreements, Contracts and New Business Proposals for Financial Viability and Impact on the Firm’s Capital Compliance.Marketing and Advertising Reviews – Assisted the CCO with the periodic review, editing and approval of marketing materials, advertisements, and other external communications distributed to customers of the Firm's Adviser affiliateAssisted the Company's CCO with the management of work related to examinations, investigations, customer complaints as requested by the Company and/or its legal representatives or authorized regulatory authorities.

Chief Compliance Officer & Financial & Operations Principal of Investment Banking Firm

Served as the Firm's Financial & Operations Principal (FinOP) to review and prepare the Firm’s Financial Records as well as the preparation and submission of its regulatory reports including but not limited to Focus Reports and the Annual Audit Report Support—to ensure compliance with the Net Capital Rules (SEC Rule 15c3-3), the Financial Responsibility Rules and Related Regulatory Requirements Applicable to the Firm. In addition, provided regular leadership services to the Firm’s senior management team with respect to SEC regulations and FINRA rules including but not limited to the Securities Act of 1933, the Exchange Act of 1934, Financial Responsibility Rules & Regulations, GAAP Requirements, SEC Net Capital Rules and Recordkeeping Requirements.

Karen served as MSF's Financial & Operations Principal from 2003-2012