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Erik Aschenbrenner

Erik Aschenbrenner

Erik Aschenbrenner is a Bates Consulting Expert with over 40 years of experience in the securities industry.  Mr. Aschenbrenner began his career as an attorney with the SEC and subsequently moved to the private sector where he has been the Director of Investor Services for Integrated Resources, Inc., Associate General Counsel and Chief Compliance Officer for The Equitable Life Assurance Society (now known as AXA Advisors, LLC) and its broker-dealer subsidiaries, Senior Vice President and Director of Compliance for Oppenheimer & Co., Inc. (now known as CIBC World Markets Corp.), Senior Vice President and Corporate Compliance Officer for NationsBank (now known as Bank of America), and Managing Director of Legal, Compliance and Regulatory Affairs for BlueStone Capital Partners/Trade.com Online Securities, Inc., also serving as the Chief Operating Officer of its online trading division.

For the past 13 years, Mr. Aschenbrenner has been the head of a Compliance and Regulatory Services Consulting Practice.  He recently concluded a two-year engagement in which he served as the Chief Operating Officer of a “hybrid” SEC-registered investment adviser.  (Hybrid in the sense that the Investment Adviser Representatives of the RIA are also Registered Representatives of a national independent broker-dealer.)  Mr. Aschenbrenner’s responsibilities involved overseeing the Compliance Department and its Legal personnel from the perspective of both its investment adviser and broker-dealer activities, in addition to directing various aspects of the firm’s business operations.

Mr. Aschenbrenner, as the Senior Vice President and Corporate Compliance Officer of NationsBank (n/k/a Bank of America), developed, implemented, and administered a comprehensive program designed to ensure that securities compliance and risk management objectives were achieved in connection with all asset management lines of business, including the Bank’s three broker-dealer and five investment adviser lines of business as well as its Trust and Mutual Fund companies.

Mr. Aschenbrenner has also served as an Assistant Director of the NASD (FINRA) District 10 Office in New York City. He has been Vice Chairman of the NASD’s District 10 Business Conduct Committee, a member of the NASD National Market Regulation Committee and Chairman of its Examination Subcommittee. Mr. Aschenbrenner has served as an NASD arbitrator, chaired a number of NASD Disciplinary Hearing Panels, and has been a speaker and panel member at a number of industry conferences.

Erik is a consultant and subject matter expert in these Practice Areas and Services:

Credentials

EXPERIENCE

Bates Group LLC, Consulting Expert, 2015 - Present
ASCHCO Consulting Group, Founder & CEO, May 2009 – Present
National Compliance Services, Inc., Senior Managing Director – Broker-Dealer Services, 2008 - 2009
The Response Companies, Senior Managing Director – Compliance and Regulatory Services, 2002 - 2007
BlueStone Capital Partners/Trade.com Online Securities, 1999 – 2001; Managing Director – Legal, Compliance & Regulatory, 1999 - 2001; Chief Operating Officer, 1999 - 1999
FINRA (f/k/a NASD Regulation, Inc.), Assistant Director, District No. 10, 1997 - 1999
NationsBank Corporation (n/k/a Bank of America), Senior Vice President and Corporate Compliance Officer, 1996 - 1997
Oppenheimer & Co., Inc. (n/k/a CIBC World Markets Corp.), Senior Vice President and Director of Compliance, 1993 - 1996
The Equitable Life Assurance Society (n/k/a AXA Advisors, LLC), Vice President and Associate General Counsel; Chief Compliance Officer, 1986 - 1993
Integrated Resources, Inc., Director of Investor Services, 1983 - 1986
U.S. Securities and Exchange Commission, Senior Attorney, New York Regional Office, 1975 - 1983
Jaspan & Kaplan, Esqs., Law Clerk, 1971 - 1973
Staff of U.S. Senator Birch Bayh (D., Indiana), Legislative Assistant, Washington, D.C., 1970 - 1971

EDUCATION

Juris Doctor (JD), St. John’s University School of Law, Jamaica, NY
George Washington University National Law Center
Graduate Studies, Accounting, Long Island University, C. W. Post Campus, Greenvale, NY
Bachelor of Arts (BA), Colgate University, Hamilton, NY

PROFESSIONAL LICENSES AND AFFILIATIONS

Member of the NASD Market Regulation Committee (Chairman of Examinations Subcommittee), 1996-1997
NASD District No. 10 Business Conduct Committee; Vice Chairman, 1991; Member, 1989-1991
Member of the NASD District No. 10 Nominating Committee, 1994-1995
Served as an NASD Arbitrator, 1990-1997
Compliance and Legal Division of the Securities Industry and Financial Markets Association
National Society of Compliance Professionals
Admitted to New York State Bar
Series 7, 8, 14, 24 and 63 Licenses (inactive)

Contact Bates Group

Bates Group is with you every step of the way. Contact us today for more information on how our End-to-End Solutions can help your firm.