Mike Hebert joined MGL Consulting, LLC (“MGL”) in 2008 and now serves as a Executive Vice President Regulatory Affairs where his responsibilities include consulting with clients regarding the structure and documentation of their supervisory systems and procedures, and business continuity programs to comply with current regulatory requirements. Additionally, Mike works with MGL’s clients to formulate and test their AML programs and procedures and delivery of Annual Compliance Meeting programs. He is also available to interface with clearing firms to coordinate the due diligence process and accounting issues. Mike additionally provides expert witness testimony in various areas such as products/sales, supervision, management and suitability, as well as FINRA and SEC rules governing sales practices, outside business activities and private securities transactions.

Mike has more than 38 years of experience working for broker-dealers. He has more than 28 years of experience as a series 8 supervisor, 22 years of experience as a series 24 principal, and more than 14 years of experience as an options principal. Since joining MGL in 2008, Mike has served in numerous Principal positions with MGL’s clients as the respective client’s Designated Principal, Alternate Principal, Chief Compliance Officer (“CCO”), and/or Registered Options Principal. Mike holds the Series 4, 7, 8, 24, 63, 79, 99 FINRA licenses. He has also qualified for and completed executive management and specialty training courses for the securities/financial industry through the Wharton School of Business.

Prior to joining MGL, he served as a Supervisory Manager and Vice President for JP Morgan Securities, Inc. where he was responsible for all investment related activities of the firm’s Private Client Services. He also had supervision of four branch offices with assets under management exceeding $10 billion. Mike’s experience prior to 2008 includes functioning with various NYSE/FINRA Member firms as a Branch Office Manager, Senior Compliance Officer, Regional Supervisory Manager, and Relationship Manager-Principal.

From 2002-2005, Mike was a Senior Relationship Manager and Principal for the Stanford Group Company. He successfully established seven new branch offices consistent with the firm’s growth strategies. Mike was also an Assistant Branch Manager and Chief Operating Officer for UBS PaineWebber between 2000-2002. In this position, he had complete responsibilities for all functions related to the branch office and managed approximately 110 Financial Advisors with revenues in excess of $40 million.

During his career, Mike has also served as a Senior Compliance Associate, providing regulatory guidance to branch offices and a variety of support operations positions for Merrill Lynch, Prudential Securities, Texas First Securities, Boettcher and Company and Rotan-Mosle Inc.

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