Seth Scherer Email & Phone Number

Juno Beach, Florida, United States

• Assist in the management and coordination of the Company’s compliance activities. Provide interpretive guidance and training; and oversee the development of business unit controls for new regulations or new business.
• Based on notification from FRA, provide timely and relevant communications to business units for new regulatory actions (e.g., orders, audits, proposed rules).
• Provide interpretive and timely guidance on an ad hoc basis to business unit questions based on knowledge of regulatory rules, NEE Policies in regard to such rules and an understanding of business unit operations.
• Update all annual training, including Standards of conduct, Affiliate rules, Anti Market Manipulation, Gas Transportation rules, PUCT Code of Conduct, ensuring the training is tailored to NEEs operations
• Present classroom training as applicable
• Review and classify Business Unit functions in accordance with regulatory rules and NEE polices for Guidance and Training purposes

Juno Beach, FL

• Conduct monitoring and testing reviews for the Firm’s retail and institutional units in order to determine any relevant gaps in policies and procedures that may put the Firm at risk.
• Perform continuous monitoring of changes to the organization, policies, regulations and risk reporting.
• Identify key risk areas that may stem from regulatory exams and internal reviews and ensure any gaps or weaknesses are handled diligently and a resolution is put in place.
• Communicate results of the reviews with management and establish action plans for each finding.
• Create department procedures, report layout and other supporting documents in order to promote efficiency for the group.
• Lead Developer responsible for designing and maintaining Intranet Compliance website which resulted in improved navigation and effectiveness in reaching target audience based on analysis of web statistics.

• Promoted to Sales Practice Resource Manager to oversee training, statistical reporting, and information awareness for Sales Practice Surveillance Unit.
• Provide the Sales Practice staff with direction regarding systems, policy and other information resources/tools available to the unit.
• Business Recovery Coordinator - Draft and maintain the unit's plan as the dynamics of the unit as IAU protocols change.
• Coordinate COB plan testing. Draft scripts, communicate testing responsibilities of the staff, collect/report results, and make modifications and/or efficiencies as warranted.
• Conduct reviews in keeping with EERS, CTI, CWRC, ETM, & NEMS review schedules, protocols, procedures and audit purposes.
• Compile monthly numbers/ stats reflecting issues by report and region for Sales Practice, Special Supervision, Legg Mason and International group.

• Answering compliance-related questions from the field.
• Advising branch management on individual and global issues.
• Assisting branch management with issues involving the interpretation of the various Exchange, NASD and SEC rules and regulations, as well as Firm policies and procedures.
• Surveillance/Oversight of Client Account Activity through the review of 13 Surveillance Reports to identify potential issues, including unsuitable trading and any other sales practice improprieties.
• Monitor Plan of Solicitation trading activity and review Stock Option Plan Trading accounts.

• Promoted to Compliance Breakpoint Group Manager from Breakpoint Specialist position.
• Accountable for overseeing +25 analysts to ensure work production was being completed in a project-oriented, fast-paced environment.
• Implemented daily production quotas from analysts to manage multiple project deadlines.
• Assisted senior management in Compliance department with identifying key issues, establishing process improvements, building consensus, and resolving conflicts.
• Responsible for performing historical breakpoint reconciliation of mutual fund positions (versus fund company).
• Researched fund family for determination of aggregation for shareholder accounts and examined mutual fund prospectus to determine Net Asset Value (NAV).