Prior to joining Compliance Risk Concepts, Scott was employed as a Principal Examiner at FINRA from 2005 to 2016. Scott’s responsibilities at FINRA included sales practice and financial examinations of member firms. Sales practice examinations entailed detailed reviews of member firms’ systems of supervision and control, reviews of policies governing marketing and sales of financial products and services (equities, mutual funds, corporate and municipal debt), and detailed reviews of broker-dealers’ anti-money laundering compliance programs. Financial Examinations involved verification of the accuracy of General Ledgers, Trial Balances, Income Statements, Balance Sheets, Net Capital Computations and FOCUS Filings for a diverse universe of broker-dealers.
Prior to his employment at FINRA, Scott was employed as a Chief Examiner at the Chicago Board Options Exchange (“CBOE”). As the sole representative of the Regulatory Services Division in New York City, Scott was responsible for completion of the Exchange’s annual Designated Options Examining Authority (“DOEA”) commitment in New York City which included sales practice and financial reviews of member firms’ retail, institutional and proprietary options businesses.
Before his time at the Chicago Board, Scott worked for the NASD performing pre-membership reviews and interviews in addition to conducting FOCUS filing reviews and routine financial and sales practice audits of large and small member firms.
Scott received his Bachelor of Arts in Economics from Queens College, City University of New York. He holds the Series 27 (Financial and Operations Principal) License.
