Ralph Magee Jr. Senior Consultant 804.521.6021 vCard

Ralph is a Senior Consultant with over 20 years of experience in the financial services industry.  Through a variety of roles with Wachovia Securities, LLC and The Financial Group of Virginia, Ralph gained his expertise in clearing conversions, trading, compliance, and retail brokerage, including his extensive understanding of trading and regulatory reporting of equity and fixed income securities.  A member of the Oyster Consulting team since 2010, Ralph has led multifaceted teams in large-scale client remediation and clearing platform conversion-related projects.  Ralph has also completed the registration of RIAs, designed and implemented compliance programs, personal trading compliance review systems and national trade suitability review programs. The ability to keep projects on track, within scope and on budget, is one of Ralph’s greatest skills.

Expertise

  • Share Class Remediation
  • Senior Consultant for projects related to clearing platform assessments, vendor evaluations and selection/decision-making, including annuity ownership changes and repapering of advisory accounts
  • Reviewing, classifying and analyzing large-scale data sets to identify system breakdowns and inconsistencies, thereby attaining full-scope data sets for solution evaluation
  • Extensive regulatory knowledge surrounding the compliance of personal employee trading accounts for access persons of RIAs and broker-dealers
  • Implemented Trade Suitability Review Systems for national broker-dealers and RIAs
  • Reviewed, revised and implemented Policies and Procedures and trade flow analysis for Capital Markets and Retail Equity/Fixed Income Trading
  • Developed and implemented a new compliance surveillance system for Equity and Fixed-Income trading for national retail brokerage firms
  • Conducted OATS reporting audits for a leading national back-office provider and brokerage firms
  • Advanced user of Thompson One/BETA, Smart Station/Supervision, Bond Desk, LAVA, Bloomberg and NASDAQ Trader, Schwab (Compliance 11), Protegent PTA, FINRA OATS, Excel and Access Databases

Career Highlights

  • Consultant, Spherion and First Place Staffing
  • Vice President, Fixed-Income/Equity Trader, Wachovia Securities (now Wells Fargo Advisors)
  • AVP, High-Net Worth Client Analyst, Wachovia Securities
  • Financial Consultant, The Financial Group of Virginia

Education, Accolades and Industry Commitments

  • B.A., Business and Economics, Randolph-Macon College
  • FINRA Series 6, 7, 55, 63 and 66 registrations (Registrations are typically inactive, but may be used when appropriate to perform interim functions for our clients)
  • Three section examinations toward the CFP designation

Publications and Presentations

CAT Connectivity Deadlines – Establish Connectivity Methods and Be Ready for Testing – October 8, 2019

Consolidated Audit Trail (CAT) – Will Your Firm Be Ready To Report? – Oyster Blog,  October 1, 2019