Evan Rosser is an experienced and respected securities industry professional with over 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. He 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
  • FINRA independent consultant hired to conduct a 15c3-5, 17a-3, Regulation SHO audit related to the Firm’s $10M settlement
  • FINRA Independent Consultant in two AML, low-priced securities enforcement actions
  • Expert witness in both arbitrations and enforcement actions
  • Conducted AML testing, OSJ and branch examinations, mock examinations, WSP review and drafting, and 3120 Reviews for numerous broker-dealers, and Annual Compliance Reviews, remediations, mock examinations, WSP review and drafting for both SEC and state regulated RIAs
  • Served as Chief Compliance Officer for three registered investment advisors and four broker-dealers
  • Frequent panelist and speaker at securities industry gatherings around the country on regulatory, compliance, and enforcement issues

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

  • Regulation Best Interest – What it is and What Happens Next – Wolters Kluwer, “Practical Compliance & Risk Management for the Securities Industry,” Volume 11, No. 5  September/October, 2018
  • Presenter, “An Evolving Landscape: Fiduciary Standards” Northern Virginia Chamber of Commerce, C-Level Executive Luncheon (June 2018)
  • Panelist, “Fiduciary Standard Rulemaking” Financial Markets Association Securities Compliance Seminar (April 2018)
  • The DOL Fiduciary Rule: What You Need To Do By June 9th, Oyster Blog (May 2018)
  • Panelist, “How the New DOL Regulations Will Impact Your Practice” American Society of Pension Professionals & Actuaries (ASPPAA) Benefits Council Regional Meeting (November 2016)
  • SEC Releases Findings of Broker Dealers Involved in Sale of Securities of Microcap Companies, Oyster Blog (November 2014)