Glen Garofalo

Glen Garofalo

GGarofalo@batesgroup.com

Glen Garofalo is a highly effective and qualified financial professional with vast subject matter expertise in Margin Operations, Credit Risk Management, Financial and Operational matters, Regulatory issues, FINRA, SEC, and FRB rules as well as technical guidance, education, and management experience. He has experience in establishing a new broker-dealer (i.e., CF Secured, LLC) in accordance with FINRA Rule 1017/CMA requirements; developing a firm’s Portfolio Margin program; writing a firm’s Portfolio Margin Application in accordance with FINRA Rule 4210; orchestrating approval of such with FINRA; and creating and establishing departmental procedures and processes for conducting a margin and lending business via a Prime Brokerage construct. Glen also has experience providing in-depth clarification on interpretive questions, regulatory issues, and credit risk management. In addition, he has responded to inquiries received from staff members, the SEC, other SROs, Member Firms, and industry organizations related to SEC Rules, FINRA rules, Federal Reserve Board, other rules and regulations.


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Glen Garofalo

A Consultant and subject matter expert in these services:

Credentials

EXPERIENCE

Cantor Fitzgerald & Co., Managing Director/Head of Margin Prime Services, 2016 – 2018

Financial Industry Regulatory Authority (FINRA), Director/Credit Regulation/Subject Matter Expert, New York, NY 2007 – 2016                    

Bear, Stearns & Co., Inc., Associate Director/Credit Manager, New York, NY, 1997 – 2007

Paine Webber Inc., Weehawken, NJ, Assistant Vice President / Unit Manager, Margin Department, 1995 – 1997

Kidder, Peabody & Co., Inc., Administrative Officer /Section Manager, Margin Department, New York, NY, 1987 – 1995   

Securities Settlement Corporation, Options/Margin Analyst, New York, NY, 1986 – 1987  

EDUCATION

Bachelor of Science (B.S.), Business Administration Seton Hall University, South Orange, NJ, 1985

Wharton College, Securities Industry Institute Program

PROFESSIONAL LICENSES AND AFFILIATIONS

Series 7

Series 63 (inactive)

SIFMA Credit and Margin Section, Board Member (Active)

NYSE Hearing Panel, Industry Expert

Automat:ee