Regulatory Consulting
Bernie Young, Executive Vice President over MGL’s Regulatory Consulting practice group, has more than 25 years experience in the financial services industry encompassing securities compliance, regulatory, brokerage and banking disciplines. Mr. Young’s areas of expertise include securities regulation, FINRA Internal Operations, the FINRA Disciplinary Process, Strategic Planning, Risk Identification/Management, and Investigation and Analysis.Mr. Young has served as Chief Compliance Officer and Regulatory Liaison for a major, full service regional brokerage firm with annual revenues of $300 million and 28 different locations. The firm included a high net worth private client group, 850 employees, and 225 financial advisors. It engaged in NASDAQ and OTC market making, technical research, policy research, equity research and investment banking. Mr. Young served as a member of the Holding Company Operating Committee and the Product Vetting Committee for new products and services.
Prior to serving as Chief Compliance Officer, Mr. Young managed his own consulting practice providing consulting and compliance services to broker/dealers and investment advisors, as well as expert witness and litigation support services to the securities industry.
Mr. Young also spent 19 years with the National Association of Securities Dealers, Inc. (“NASD”), now known as the Financial Industry Regulatory Association (“FINRA”). He advanced to the position of Director for District 6. As District Director, Mr. Young was responsible for the preparation, execution and disposition of the District Office portion of the national examination program; implementation of the Membership Application Program; and liaison to the District Nominating Committee, the District Committee, the Small Firm Advisory Board and Advisory Council. He has spoken at numerous SIA (now SIFMA) seminars, the 2001 SIA Small Firm Conference, SEC annual conferences and the 2001 AARP National Conference, as well as NASD National conferences and Regional seminars.
Prior to serving as District Director, Mr. Young was an Associate Director for District 6 where he was responsible for the operations of the District office including but not limited to preparation, execution and disposition of the District Office portion of the national examination program, implementation of the Membership Application Program and delivery of preventive compliance programs to member firms, branch managers and registered representatives.
Mr. Young holds a Bachelor of Science in business administration and a Bachelor of Science in economics, both from Carthage College in Kenosha, Wisconsin. Mr. Young additionally holds the Series 7 and 24 licenses.