Sales Manager
Resume:
James M. Nestor
Malden, Ma **148
******@***.***
Securities Compliance Executive
Executive Securities Compliance professional with 15+ years experience in
all aspects of the financial services industry. Experienced executive with
strong track record of helping registered representatives and broker-
dealers succeed in a highly regulated industry. Extensive background in
guiding securities firms through regulatory examinations.
Professional Certifications:
Series 7, Series 24, Series 53, Series 63, Series 65, Series 87, NASD
Institute at Wharton - Phase 1 & III, Member - National Society of
Compliance Professionals, MA Insurance License (Life/Accident/Health)
Experience:
NESTOR CONSULTING SERVICES, Malden, Massachusetts 03/09 to Present
President - Provide compliance outsourcing services to securities broker-
dealers and investment advisors and insurance companies. Assist broker-
dealers in taking proactive steps required to identify, assess and reduce
areas of risk. Evaluate the aspects of the firm's business subject to
regulatory compliance. Services include on-site mock regulatory testing of
client systems and procedures.
INVESTORS CAPITAL CORPORATION, Lynnfield, Massachusetts 07/03 to
03/09
Chief Compliance Officer - Broker/Dealer & Investment Advisor Entities
(03/06 to 03/09)
Chief Compliance Officer - Eastern Point Advisors (01/05 to 03/08)
Compliance Manager - Broker/Dealer and Investment Advisor Entities (7/03 to
3/06)
Chief Compliance Officer for both the Investment Advisor and Broker/Dealer
entities for an nationwide independent firm offering a range of products
from traditional to alternative investment opportunities. Responsible for
the integration of supervisory and compliance policies within the field
force. Provide continuous and ongoing information, advice and assistance to
the brokers and investment advisors representatives on supervisory
responsibilities, sales materials, security licensing issues/review and all
related compliance/regulatory issues
. Responsible for the creation, implementation, and interpretation of
Investors Capital/Investors Capital Advisors' compliance policies and
procedures as it relates to NASD, State, and Federal regulatory rules
and regulations.
. Manage the Compliance Department and Licensing Department.
. Responsible for the department audit schedule as well as audits of
offices/OSJ/branches to ensure compliance with the rules and
regulations of Investors Capital/SEC/NASD.
. Supervise staff of 14 responsible for the providing training on
security and industry issues (e.g. - anti-money laundering, non-cash
compensation, books and record regulations and audits); annual
compliance meetings; the review and approval of all Investors Capital
sales materials, correspondence, and advertisements; account
surveillance and trade review; and Patriot Act/money laundering
procedures.
. Assist in the review, maintenance, and revision of all firm
agreements, Form B/D, and Form ADV.
. AML Officer for the Firm
. Supervise staff of 3 responsible for the all registered representative
licensing functions including CRD, IARD and Variable Insurance
appointments. This staff is also responsible for all corporate as
well as financial filings
SCUDDER INVESTMENTS, Boston, Massachusetts
03/00 to 07/03
AVP - Supervising Compliance Analyst - Compliance liaison for the
Retirement, US Retail and Variable Annuity business units. Provide
continuous and ongoing information, advice and assistance to the business
units on supervisory responsibilities, sales materials, security licensing
issues/review and all related compliance/regulatory issues. Provide
training on security and industry issues (e.g. - anti-money laundering, non-
cash compensation, books and record regulations and audits) as well as the
annual compliance meetings. Serve as a back up review for Institutional
marketing material and correspondence.
. Responsible for the creation of marketing compliance, operational, and
procedural manuals. Supervise staff responsible for the review and
approval of Scudder Investments sales materials, correspondence, and
advertisements to ensure compliance with SEC and NASD rules and
regulations.
. Responsible for correspondence review and NASD complaint filings.
. Responsible for the review, investigation, and response to
regulatory/third party inquiries and audits.
. Responsible for OSJ review of the various Scudder entities. Involved
in the creation and oversight of the firm's AML and privacy policies
and procedures.
. December 2001 CEO Award Nominee
NEW ENGLAND FINANCIAL, Boston, Massachusetts
4/98 to 3/00
Compliance Consultant - Review and approve home office produced and agency
produced sales materials, correspondence, and advertisements to ensure
compliance with SEC and NASD rules and regulations. Provide continuous and
ongoing information, advice and assistance to the field on supervisory
responsibilities, sales materials, and all related compliance issues. Work
on various projects from interpreting and implementing NASD notice to
member 98-11 to the construction of compliance systems manuals.
. Research, resolve, and respond to regulatory inquires and represent
the company at regulatory investigations, legal proceedings, and
industry meetings.
. Conduct audits of offices/OSJ/branches to ensure compliance with the
rules and regulations of New England Financial/SEC/NASD.
. Review, surveillance, and monitoring of mutual fund account
establishment and trading activity and determine product/customer
suitability as required by the NASD.
. Served as an additional resource for investment advisor regulatory
filings (Forms ADV, 13F, D, & G)
JEFFERSON PILOT SECURITIES CORPORATION, Concord, New Hampshire 4/97 to
4/98
Regulatory Issues Manager - Research and understand new and proposed
securities related law/regulation. Inform and train Jefferson Pilot
Securities personnel of regulatory and applicable policy changes. Work
closely with the legal department with pending arbitration and lawsuits.
. Responsible for complaint (regulatory and customer) tracking and
resolution including amending U-4's and U-5's.
. Responsible for NASD 3070 complaint filings and updates.
. Update and amend the corporate compliance manual, procedures manual,
and selling agreements/contracts.
. Conduct audits of offices/OSJ/branches to ensure compliance with the
rules and regulations of Jefferson Pilot Securities/SEC/NASD.
. Served as an additional resource for investment advisor regulatory
filings (Forms ADV, 13F, D, & G)
H.J. MEYERS AND CO., INC., Boston, Massachusetts
10/95 to 3/97
Branch Compliance Officer - Proactively monitor the firms compliance with
regulations governing the investment securities industry as outlined by the
NASD, SEC, and other self regulatory organizations. Clearly and
consistently communicated those regulations throughout the branch.
. Daily surveillance/review of trade activity, verification of
unsolicited purchases, new accounts, statements, state regulations,
regulation T extensions, purchase and sales corrections, incoming and
outgoing correspondence, securities received and delivered blotters,
and commission runs.
. Monthly review of representative's books for suitability, current
investment objectives, securities concentration, churning, related
accounts, and accounts at other broker/dealers.
. Responsible for the review of all U-4 and U-5 forms.
. Complaint tracking and resolution.
. Managed and worked in the operations department, oversaw a staff of
three people.
FIDELITY INVESTMENTS Boston, Massachusetts
1/93-10/95
Integration Transaction Services Coordinator - Involved in all phases of
comprehensive institutional investments from establishing and maintaining
new accounts for the broker/dealer, bank wholesale, trust, government and
insurance markets to processing system transfers, IRA applications, check
purchases, and bank wires. Responsibilities included extensive account
research, training, and supervising staff members, analyzed and evaluated
current imaging software.
Problem Resolution Representative - Researched and analyzed shareowner's
inquires and complaints. Used creative problem solving techniques and risk
analysis, processed monetary adjustments, established and maintained new
accounts/features. Extensive shareowner contact.
Brokerage Research Representative -- maintained documentation relating to
brokerage accounts.
Education:
Suffolk University, Boston, Massachusetts
BSBA degree received May of 1990; Concentration - Marketing
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