As the June 30 deadline approaches, the SEC has indicated that they have no plans to defer Regulation Best Interest as part of their response to the COVID-19 crisis. Firms must be ready to comply even as they deal with trying to conduct business as usual in a climate of flux and uncertainty.
A Q&A session will follow.
Paul is a seasoned financial services professional with proven experience leading compliance engagements for broker-dealers, banks, investments advisers, hedge funds, private funds and mutual fund companies.
Paul has amassed over 25 years of experience specializing in finance and compliance within the financial services industry. Prior to starting MCG, Paul led the Securities Consulting and Professional Services Practice for Wolters Kluwer Financial Services. Previously, he led the Capital Markets and Investment Management Practice of Ernst & Young LLP in New York. His clients have included diversified financial services companies, broker-dealers, banks, investments advisers, hedge funds, private funds and mutual fund companies.
Paul also worked at BlackRock Inc. in the Legal and Compliance Department. He was the Chief Compliance Officer for BlackRock’s broker-dealer and investment advisors. Prior to BlackRock, he was a Principal Consultant for PricewaterhouseCoopers, LLP where he had responsibilities for broker-dealer related issues within the investment management regulatory consulting practice. Before joining PwC, he was a Director in the Corporate Compliance Department of Prudential Insurance Company of America and Chief Compliance Officer for several of Prudential’s broker-dealer affiliates. Prior to his employment with The Prudential Insurance Company of America, he was Senior Compliance Examiner with the New York Regional office of FINRA.
Paul holds degrees from Syracuse University and New York University.
Gus has 25 years of experience providing legal advice and counseling to investment advisers, municipal and securities broker-dealers, mutual funds, and insurance companies. His expertise spans conducting investigations (both internal and external), inspections, examinations and audits, and establishing, supervising and monitoring compliance and risk management programs (including developing written compliance policies and procedures, monitoring such, and assessing their effectiveness). Gus previously served as Assistant Vice President, Assistant Secretary, and Assistant General Counsel at Calvert Investments, Inc. from April 2005 to September 2015.
He holds a Juris Doctor degree in Law from Thurgood Marshall School of Law, Texas Southern University and a Bachelor of Science Degree in Political Science from Tennessee State University.