R. Gerald Baker

R. Gerald Baker

R. Gerald (“Jerry”) Baker is an Affiliate Consultant with Bates Compliance Solutions. With over 45 years of Financial Services and Compliance experience, Mr. Baker brings a wealth of industry knowledge and expertise, having developed compliance programs and managed compliance department functions at major U.S. securities and financial services firms. Additionally, Mr. Baker has broad experience working with regulators on rule initiatives and other regulatory issues as well as providing consulting, advisory and training services on compliance, regulatory and legal matters. Mr. Baker is currently an independent compliance and regulatory services consultant, serving clients at firms and trade associations in the securities and financial services industries.

Before starting his own practice, Mr. Baker was the Senior Managing Director and Executive Compliance Director for First Union Securities, Inc. before the firm’s merger with Wachovia (now Wells Fargo). His responsibilities included developing and managing the compliance programs for the firm’s retail brokerage business, supervising the firm’s Compliance Department and staff of over 125 compliance professionals, and coordinating the consolidation of the compliance functions. Mr. Baker was a member of the firm’s Management Committee and provided assessment and advisory information with respect to the adequacy of the firm’s compliance programs, new regulatory initiatives and new products, businesses and services. Mr. Baker came to First Union from EVEREN Capital, which it acquired in 1999.

Before joining EVEREN, Mr. Baker was the Senior Vice President, Compliance Director at Prescott, Ball & Truben, where he managed the firm’s Compliance Department, providing compliance oversight and support for the firm’s various businesses, including retail brokerage, equity and fixed income trading, investment banking, research, and investment advisory services. Mr. Baker started his career at Merrill Lynch in various sales and management positions. During this period, he gained experience with compliance and regulatory financial reporting at Morgan Stanley, Wm. C. Roney & Co., and in operational and sales positions with Merrill Lynch, Paine Webber, Roney & Co., Manley Bennett McDonald, Spencer Trask and Goodbody & Co.

Mr. Baker served for over a decade as Executive Director of the Compliance and Legal Society of the Securities Industry and Financial Markets Association (SIFMA) and is a frequent speaker at compliance and industry conferences. He has established relationships with principal regulatory organizations and their senior officials, working with them on rulemaking initiatives and other critical industry issues. At SIFMA, Mr. Baker met with regulators to identify important industry issues and developments and helped develop and conduct training programs for examiners and enforcement attorneys at FINRA, NYSE and the SEC. He has also served on several ad hoc committees dealing with many critical industry issues and has chaired several SIFMA C&L Seminars.

He co-chaired the two working groups in the development of the influential 2005 SIFMA C&L Society White Paper on The Role of Compliance and the 2013 follow-up White Paper: The Evolving Role of Compliance. He is also a contributing author on the textbook Modern Compliance, Best Practices for Securities & Finance, Vol. 1 (CCH Inc., 2015). In 2011, Mr. Baker received the prestigious Alfred J. Rauschman Award from the SIFMA C&L Society in recognition of his outstanding contributions to the compliance, legal and regulatory community.


Credentials

EXPERIENCE

R. Gerald Baker Compliance and Regulatory Consulting, Howell, MI, Principal, 2001-Present

SIFMA Compliance & Legal Society, Executive Director, 2001-2014

First Union Securities, Inc. (formerly EVEREN Securities), Senior Managing Director and Executive Compliance Director, 1999-2001

EVEREN Securities, Executive Vice President/Executive Director of Compliance, 1990-1999

Prescott, Ball & Truben, Inc., Senior Vice President, Compliance Director, 1980-1990

Merrill Lynch, Sales Positions, 1961-1980

PROFESSIONAL AFFILIATONS

SIFMA Compliance & Legal Society Executive Committee, Officer and Member, 1986-1988, 1994-2001, Advisor and Consultant, 2001-Present

SIFMA’s Self-Regulation and Supervisory Practice Committee, Member, 1990-2001; Committee Chair, 1996-1999, Committee Liaison, Present

Compliance Advisory Committee of the Chicago Board Options Exchange, Member, 1994-2001

District Business and Conduct Committee of FINRA (Financial Industry Regulatory Association) District 8 (Chicago), Member, 1996-1998

FINRA Extended Enforcement Hearings, Hearing Panel Member, Present

SIFMA’s Securities Institute held at the University of Pennsylvania’s Wharton School, Faculty Member, 1996-2000

EDUCATION

Michigan State University - East Lansing, MI

Automat:ee