RENAISSANCE REGULATORY SERVICES - Key Persons
Job Titles:
- Chief Operating Officer
- Executive Vice President
Bart J. McDonald is the Executive Vice President and Chief Operating Officer of Renaissance Regulatory Services, Inc. Mr. McDonald is responsible for RRS's investment advisory practice and has over twenty-five years of public/private sector regulatory compliance experience. This experience includes a unique combination of advising and auditing investment advisers, private funds, broker-dealers, investment companies and business development companies relative to federal, state, and self-regulatory rules and regulations.
As a consultant, Mr. McDonald has conducted hundreds of compliance engagements to assess adherence to securities industry rules and regulations. His clients have included the largest multinational investment advisers, broker-dealers, private funds, banks, law firms and regulatory organizations. Mr. McDonald has extensive experience with all aspects of securities regulation, including portfolio management, performance marketing, soft dollars, trading, sales practices, branch office supervision, financial audits, internal controls, and registrations. In addition, he has guided hundreds of FINRA members through the FINRA New Member and Membership Continuance process. Mr. McDonald previously managed the broker-dealer registrations department of a major compliance consulting and outsourcing business.
As a regulator, Mr. McDonald was a Branch Chief and Compliance Examiner with the Securities and Exchange Commission's Southeast Regional Office. He was responsible for planning, conducting, and supervising complex financial, operational and sales practice examinations of investment advisors, private funds, broker-dealers, and investment companies. Mr. McDonald also managed inspections of FINRA District Offices, and managed oversight examinations of the NYSE and FINRA. Mr. McDonald provided investigative support to the SEC's Enforcement staff on matters relating to fraudulent distributions and manipulation of securities, misappropriation of customer funds, material misrepresentations, unregistered broker-dealer and investment advisory activities, and undisclosed compensation. In addition, Mr. McDonald participated in several regulatory task force sweep examinations with the SEC, self-regulating organizations, and state regulatory bodies.
Over the course of his career, Mr. McDonald has been quoted in industry periodicals and asked to speak at regulatory and industry training programs. His presentations include Compliance Program Structure, Portfolio Management, Custody, Best Execution, Code of Ethics, Soft Dollars, Electronic Communications, Performance Advertising, and the SEC's Chief Compliance Officer Outreach Seminar.
Mr. McDonald received a Master of Business Administration and a Bachelor of Arts in Economics from Florida Atlantic University. He also holds the Certified Regulatory Compliance Professional designation from the FINRA Institute at Wharton, the NSCP Certified Securities Compliance Professional designation, and the ACAMS' Certified Anti-Money Laundering Specialist designation.
Job Titles:
- Director, Senior Consultant With
Jennifer Selliers is a Director, Senior Consultant with Renaissance Regulatory Services, Inc. She brings over 20 years of successful experience, building and administering compliance programs of diverse financial initiatives within small, medium, and large organizations: boutique fixed-income, hybrid/dual registrants, public asset managers and more. Her areas of expertise include compliance program development, policies and procedures formation and risk and control assessments.
Prior to joining the Renaissance Regulatory Services Team, Jennifer spearheaded the compliance initiatives for the State of Tennessee's Department of Treasury that managed over sixty billion dollars in public assets. She collaborated across 47 functional areas to accomplish a wide-range of compliance objectives, including overhauling the pre- and post-trade compliance program for public equities and fixed income, implementing an automated personal securities trading program, supporting derivatives trading and alternative investment activities, and strengthening internal controls across the State's 401(k), 457 and 403(b) plans. Additionally, Jennifer facilitated the policies and procedures management lifecycle and prepared and filed the Department's securities regulatory filings (e.g., Form 13F, Form 13H, etc.). As a former chief compliance officer, Jennifer has overseen licensing and registration, advertising, internal surveillance, branch audits, and regulatory examinations. Having served as the compliance manager for a dual registrant operating an independent broker/dealer model with over 800 registered representatives nationwide, Jennifer has extensive experience with all aspects of securities regulation, sales and supervision, and retail products. Jennifer has led or supported firm responses to SEC, FINRA, and MSRB examinations, as well as FBI and other law enforcement investigations.
Over the course of her career, Jennifer has written for several industry publications and spoken at numerous industry conferences and events. Her presentations include Recruiting and Training Your Compliance Ambassadors, Annual Testing and Business Reviews, and Sub-Advisor Due Diligence. In addition, Jennifer has served on several industry working committees, including the College Savings Plan Network (CSPN), 529 Plan Disclosure Principles (#7) and the MSRB Municipal Fund Securities Advisory Committee. Jennifer is a current, contributing member of the National Society of Compliance Professionals (NSCP) and an adjunct professor at Fordham Law, Program on Corporate Ethics and Compliance (PCEC). She has earned several professional designations, holds a Bachelor of Science in Business Finance from the University of Phoenix and a Master of Public Service Management from Cumberland University. Apart from her professional aspirations and accomplishments, Jennifer enjoys long-distance backpacking and hobby-farming in Tennessee with her husband and two sons.
Job Titles:
- Director of Regulatory Compliance Services With
Jerome Jordan is a Director of Regulatory Compliance Services with Renaissance Regulatory Services, Inc., a full-service consulting firm that offers a wide range of regulatory and compliance consulting services to broker-dealers and investment advisers. He joined Renaissance in 2016. Prior to Renaissance, he acquired over thirty-five years of regulatory and compliance experience as a state regulator. His experience includes a unique combination of over thirty years of supervising and conducting examinations of both investment advisers and broker-dealers regarding federal, state, and self-regulatory organization rules and regulations.
Job Titles:
- Managing Director
- Senior Executive of the NASD
John Pinto is a Managing Director at Renaissance Regulatory Services, Inc. Based in Washington, D.C., he provides regulatory and compliance consulting and support to all segments of the financial services industry, including major broker-dealers across the country. During his almost 30-year career as a regulator with the National Association of Securities Dealers (NASD), the predecessor to FINRA, Mr. Pinto rose from entry-level examiner to become the top-level executive in charge of all NASD examination and enforcement functions.
At the NASD, Mr. Pinto served for almost 10 years as Executive Vice President for regulation. He reported directly to the President of NASD, and he was responsible for more than half of approximately 1,800 NASD employees. He helped establish policies, practices and procedures for NASD examination, surveillance and enforcement activities. Specifically, his responsibilities included the operation and management of the 14 NASD District Offices. These offices conduct field examinations of the 5,500 NASD members, perform financial and operational surveillance, investigate customer complaints, and initiate disciplinary actions as appropriate. Also under Mr. Pinto's direction was the regulation of the NASDAQ Stock Market, OTC Bulletin Board, and other OTC markets under the Market Surveillance Department; the Enforcement Department for major fraud and manipulation cases; Corporate Financing for review of underwriting materials; Advertising Regulation for overseeing NASD member compliance with Association rules regarding advertising and sales literature; and the Compliance Department for support of district operations and establishing examination policies and procedures.
Mr. Pinto has received numerous awards and honors. For example, in 1997 he received the Securities Industry Association's Compliance and Legal Division award for "Meritorious and Distinguished Services to the Securities Industry," and the Federal Bureau of Investigation's award for "Exceptional Service in the Public Interest." In 1996, he received the Outstanding Human Performance Intervention Award for performance and instructional technology from the International Society for Performance Improvement, and the Microsoft and Computerworld-sponsored Windows World Open award for using technology in new and original ways to enhance business.
Among his many accomplishments and contributions as a senior executive of the NASD, Mr. Pinto testified before Congress on behalf of the Association, where he appeared before the Committee on Energy and Commerce, Subcommittee on Telecommunications and Finance of the House of Representatives regarding international securities enforcement, the municipal securities market, penny stock market fraud, short-selling activity in the stock markets, and sales practice abuses such as the presence of unscrupulous "rogue brokers" in the securities industry.
While with the NASD, Mr. Pinto was the keynote speaker and featured panelist at all NASD and NASDR Spring and Fall compliance conferences. He was also a key speaker at annual conferences of the Securities Industry Association's Compliance and Legal Division, and at several National Regulatory Services Compliance Conferences. Other conference and seminar engagements include the Bank Securities Association, Consumer Bankers Association, Practicing Law Institute, Securities and Exchange Commission, Federal Reserve, and the Office of the Comptroller of the Currency.
In addition to numerous publications within the NASD, he has written for external publications, notably: The NASD's Enforcement Agenda in the Northwestern University Law Review, Spring, 1991; Trading and Market Making Surveillance Program for the NASDAQ Stock Market for the Journal of Financial Regulation and Compliance, Henry Stewart Publications, London, England, 1996; and a chapter on NASD regulatory and enforcement programs in The NASDAQ Stock Market Handbook.
Mr. Pinto served as a member of the NASD's Market Regulation Committee, which delegated authority by the NASD Board of Governors to, among other things, advise it on matters involving the surveillance and enforcement of rules governing NASD members' conduct in the NASDAQ Stock Market and other OTC markets. He currently serves on the Bank Insurance & Securities Association ("BISA") Regulatory and Compliance Advisory Board whose charter is to increase awareness of, and act as a resource for BISA members on regulatory and compliance issues in the bank insurance and securities industry.
Mr. Pinto graduated from Rutgers University cum laude with a Bachelor of Science degree.
Kenneth Mendoza is a Registrations Associate for RRS with over 25 years of experience. He is responsible for creating, amending and submitting Form U4s, Form U5s, Form ADV Parts 1A and 1B, Form BD, and the creation and use of CRD/IARD reports. In addition, he is responsible for handling broker-dealer and investment adviser (firm and agent) renewals, EFD filings, Form MAs and Form MA-Is. He is responsible for preparing the Form BD, Form ADV Part 2, Part 2B and Appendix 1 (as applicable) for a firm to register as a broker-dealer, SEC or State registered investment adviser. He is also responsible for drafting applicable application packages and deficiency letter responses. He is also expected to assist with certain technology or website related tasks or maintenance. This includes, but is not limited to, data back-up, interaction with IT service providers, maintenance/tracking of hardware and software, website maintenance, etc.
Job Titles:
- Financial Reporting Manager With
Leeza Shurtz is the Financial Reporting Manager with Renaissance Regulatory Services, Inc., a full-service consulting firm that offers a wide range of regulatory compliance consulting services to broker-dealers and investment advisers. In this role, Leeza is responsible for bookkeeping services for FINRA broker-dealers regarding SEC rule15(c )3 Net Capital requirement and FOCUS filings.
Leeza has served in project management positions on Net Capital related matters for large and small firms alike. This includes project manager for Broker-Dealers who need full financial statements as well as FOCUS filings. She also manages the creation and submission of SEC financial audit reports. She manages three financial reporting staff and reviews all required filing documents for broker-dealers and investment advisors.
In addition, Leeza is CAMS certified. With this, she assists in AML audits for Broker-Dealers as well as provides FinCEN, PST and OFAC on-going support for small firms.
Leeza graduated from Florida State University majoring in Accounting and Finance.
Linda Stump is a Compliance Consultant for Renaissance Regulatory Services, Inc., a full-service consulting firm that offers a wide range of regulatory and compliance consulting services to broker-dealers and registered investment advisers. Mrs. Stump has over twenty-five years of experience in insurance and broker-dealer compliance.
Prior to joining the Renaissance Regulatory Services team, Mrs. Stump served as Chief Compliance Officer and Privacy Officer for an insurance-only broker-dealer owned by a large national bank. In this role, she was responsible for the development of compliance and operating manuals, policies and procedures, compliance communications and training. She conducted branch audits and managed firm responses to the SEC, FINRA and state securities regulators. She provided compliance review of marketing materials and managed emergency response and business continuity planning and testing. Before becoming a registered principal, she was a Legal and Compliance Manager, responsible for drafting and managing contracts, and assisting Corporate Counsel with various acquisitions and divestitures.
Her background also includes Corporate Communications, Human Resources and Operations positions in the insurance and medical fields.
Job Titles:
- Founder
- President
- Founder and President of Renaissance Regulatory
- Member of the Board of Directors for the National Society
Louis Dempsey is the founder and President of Renaissance Regulatory Services, Inc. Mr. Dempsey has over thirty years of public/private sector regulatory compliance and operations experience that includes a unique combination of advising and examining broker-dealers, investment advisers and bank holding companies relative to federal, state, and self-regulatory rules and regulations.
As a consultant, Mr. Dempsey has managed hundreds of engagements including: compliance examinations; startups, mergers and acquisitions; creation of written compliance and supervisory policies and procedures; and expert witness support and regulatory mandates. His clients have included the largest national and multinational broker-dealers, investment advisers, banks, law firms and regulatory organizations. He has extensive experience with all aspects of securities regulation such as trading, market-making, sales practices, branch office supervision, financial audits, internal controls, and registrations. Mr. Dempsey previously managed a compliance consulting and outsourcing business with a staff of over 20 professionals. In addition to product and service development, he has extensive experience with staffing, training, resource allocation, budgeting and business development. He was also responsible for a quarterly newsletter focused on compliance and operations issues.
As a regulator, Mr. Dempsey has over twelve years of combined experience with the Securities and Exchange Commission and the Florida Division of Securities. He served as a Branch Chief and Staff Accountant with the Securities and Exchange Commission's Miami Regional Office. While at the SEC, Mr. Dempsey was responsible for planning and managing complex financial, operational and sales practice examinations of broker-dealers and investment advisers. He also managed inspections of the FINRA District Offices, and managed oversight examinations of the NYSE and FINRA. Mr. Dempsey provided investigative support to the SEC's Enforcement staff on several matters involving sales practices, market manipulation, and net capital. During his five years with the Florida Division of Securities, he supervised and conducted complex examinations and investigations of broker-dealers, investment advisers and issuers, and he assisted with staff training and development. Mr. Dempsey participated in various regulatory task force sweep examinations with the SEC, self-regulating organizations, and states.
Over the course of his career, Mr. Dempsey has been asked to speak at numerous regulatory and industry training programs. His presentations include Compliance Structure and Internal Controls, Churning Analysis, Red Flags in the Micro-cap Market, Branch Office Supervision, Registered Representative Compliance, Trading and Market-Making Compliance, and Fixed Income Trading Practices.
Mr. Dempsey is currently a member of the Board of Directors for the National Society of Compliance Professionals, and the Board of Directors for the Florida Securities Dealers Association. He earned the Certified Regulatory Compliance professional designation from the FINRA Institute at Wharton, the NSCP Certified Securities Compliance Professional designation, and the ACAMS Certified AntiMoney Laundering Specialist designation. Mr. Dempsey received a Bachelor of Science in Economics with a focus in international trade and finance from the Florida State University.
Job Titles:
- Associate Compliance Consultant With Renaissance Regulatory Services Inc
Md Mostafa Asef Rafi, is an Associate Compliance Consultant with Renaissance Regulatory Services Inc. In this role, Rafi is responsible for providing consulting and compliance support services to registered financial institutions, conducting regulatory research and drafting written policies and procedures and working in various Financial Reporting projects.
Rafi has been involved in projects related to AML and Compliance check for both Investment Advisers and Broker Dealers. Moreover, he supports the Financial Reporting Manager with FinCen support for small firms.
In addition, Rafi supports the Financial Reporting team with bookkeeping services for FINRA broker-dealer regarding SEA Rule 15c3-1 Net Capital requirement and FOCUS filings. He also supports the Financial Reporting Manager with 13f and 13h quarterly fillings needed by Institutional Investment Managers.
Rafi completed his bachelor's degree majoring in Finance and Banking from Bangladesh University of Professionals and completed his master's degree majoring in Finance from Florida Atlantic University.
Nicole Ostertag is a Senior Consultant with Renaissance Regulatory Services, Inc., She spent the first part of her career working for a variety of marketing, advertising and public relations firms. She managed millions of dollars in media budgets, directed brand strategies and coordinated public relations campaigns for clients in a variety of industries including real estate, hospitality, higher education, technology and charitable organizations. Nicole was also an adjunct professor at the University of Central Florida for 9 years teaching public speaking.
While working in the marketing department of an investment advisor, Nicole made a career change to compliance. She has spent the last 8 years holding several compliance roles with a retail broker dealer, institutional advisers and a private equity firm. Her areas of expertise include managing FINRA cycle exams, SEC exams and State exams; responding to regulatory matters from the SEC/FINRA/States; auditing and testing; developing and executing annual compliance meetings; books and records tracking; developing policies and procedures; gap analysis; WSP publication and implementing third-party platforms for compliance with regulatory requirements. She has exceptional project management skills with a proven ability to collaborate, multi-task, set priorities and meet competing business demands with speed and efficiency.
Nicole holds a Bachelor of Science and Master of Arts in Mass Communication from Towson University. She enjoys spending time with her son, going to the beach and gardening.
Sarahy Poncela is a Senior Consultant, Compliance Services for Renaissance...
Job Titles:
- Director, Senior Consultant With
Sue Terenzio is a Director, Senior Consultant with Renaissance Regulatory Services, Inc., a full-service consulting firm that offers a wide range of regulatory and compliance consulting services to broker-dealers and registered investment advisers.
Sue has over 30 years of industry experience, which includes providing support to prominent law firm practice groups specializing in broker dealer regulatory matters, securities litigation and regulatory responses. In addition to reviewing and drafting client written supervisory procedures, she conducted extensive analysis of corporate records, filings, trading and financial disclosures and coordinated regulatory responses and documentation reviews.
She has valuable operational and back-office experience with trade settlement, reconciliation and trade data reporting for family office managed partnerships and mutual funds, including matters related to transfer agent and custodial relationships.
For the most recent 18 years, Sue has been developing effective securities compliance programs for retail brokers, managing dealers, and retail and institutional advisers. In addition, Sue has created compliance programs for institutional firms, specifically, closed-end funds, private funds, partnerships and alternative investment funds. Her areas of expertise include building compliance programs for new entities, conducting gap analysis, developing policies and procedures, written supervisory procedures and developing broker and IA controls testing. Serving as CCO/Deputy CCO for these entities, she is experienced in providing IA Act Rule 206(4)-7, IC Act 38a-1 and FINRA Rule 3110 and 3120 reports and presentations to governing Boards and Leadership teams. Lastly, Sue has led the response teams for both SEC and FINRA cycle examinations.
Sue holds a Bachelor of Science in Legal Studies from Rivier University. In addition to holding FINRA licenses 63, 7 and 24, Sue holds the Certified Securities Compliance Professional designation from the National Society of Compliance and the Investment Adviser Certified Compliance Professional designation from the National Regulatory Services. When she is not championing compliance initiatives, Sue enjoys the beach and spending time with her husband, children and grandchildren.