Evan Rosser is an experienced and respected securities industry professional with 25 years of experience managing complex securities investigations for NASD/FINRA and providing compliance expertise to both broker-dealers and investment advisors.  As an Oyster consultant, Evan has served as CCO for both investment advisors and broker-dealers, as well as providing compliance support to numerous broker-dealers and registered investment advisors. Evan has also served as an independent consultant in both SEC and FINRA enforcement actions involving Rule 15c3-5 and Market Access, AML, market manipulation and low-prices securities trading. Evan has served as an expert witness in FINRA enforcement actions and arbitrations. Prior to consulting, Evan supervised FINRA Enforcement’s investigative staff of more than 40 supervisors and examiners, and successfully completed hundreds of investigations alleging numerous FINRA and SEC rule violations including NASDAQ and OTCBB trading violations, excessive equity markups, and NASD/FINRA sales practice, corporate financing and advertising rule violations.

Expertise

  • Independent consultant hired to conduct a 15c3-5 review as part of a broker-dealer’s settlement with the SEC for a significant trading error that occurred in 2012
  • Provides comprehensive guidance and assistance to clients preparing to comply with the Department of Labor Fiduciary Rule
  • FINRA independent consultant hired to conduct a 15c3-5, 17a-3, Regulation SHO audit related to the Firm’s $10M settlement in 2013
  • FINRA Independent Consultant in two AML, low-priced securities enforcement actions
  • Expert witness in both arbitrations and enforcement actions
  • Served as Chief Compliance Officer for three registered investment advisors and a broker-dealer

Career Highlights

  • Vice-President and Director in FINRA’s Enforcement Department supervising industry “sweeps” and complex investigations
  • Served as the first head of FINRA’s Criminal Prosecution Assistance Group, a group that lends regulatory, industry, and securities markets expertise to criminal prosecutors
  • Represented NASD in implementing the provisions of the landmark 2003 Global Research Analyst Settlement which required firms to provide independent research to their customers. For this work, he received NASD’s President’s Award for Outstanding Performance.
  • Frequent panelist and speaker at securities industry gatherings around the country and FINRA, SEC, and SIFMA conferences
  • Provided training on securities fraud, U.S. equity markets, Nasdaq and OTC/Pink Sheet trading, NASD/FINRA rules to SEC examining staff, FBI agents and criminal prosecutors

Education, Accolades and Industry Commitments

  • B.A., Bucknell University
  • Series 7, 24, and 63 registrations
  • Member of the National Society of Compliance Professionals (NSCP), SIFMA’s Financial Management Society, The Financial Markets Association, and the Association of Certified Anti-Money Laundering Specialists (ACAMS)
  • NASD President’s Award and NASD Excellence in Service

Articles, Blogs and Presentations

Webinar: Are You Ready for June 9th and the DOL Fiduciary Rule?  – April 10, 2016
Webinar: Recording: Anatomy of a Risk Assessment – Preparing for the DOL Fiduciary Rule Change.Webinar: Recording: Now What –  Next Steps in Preparing for the DOL Fiduciary Rule Changes – August 31, 2016

“FINRA expected to adopt CARDS despite local industry resistance” – Evan Rosser (quoted) – Investment News article

FINRA Folds Its CARDS Until Industry Concerns Addressed – Blog Post, May 26, 2015

SEC Releases Findings of Broker Dealers Involved in Sale of Securities of Microcap Companies – Blog Post, November 20, 2014