Bob began his consulting practice in 2016 after serving as General Counsel and CCO of the Columbia Acorn Funds for eleven years. He started his career at the Securities and Exchange Commission, and afterward practiced law, served as head of compliance for the Chicago Mercantile Exchange, and regional counsel for UBS/PaineWebber. Bob teaches Compliance for Financial Institutions at Chicago Kent College of Law.
BA, University of Illinois; JD, Lewis and Clark Law School; MLA, University of Chicago
Frequently Asked Questions
How do you conduct a “Mock SEC Exam”?
The objective of a Mock SEC Exam is to assess the design and effectiveness of the client’s compliance policies and procedures. It begins with a document request list that parallels the requests used by the SEC Staff, and then extends to interviews of key personnel. At the conclusion of the engagement, we provide a report that summarizes our findings and, if appropriate, offers suggestions for enhancement of the firm’s procedures. You will find more information here.
What are your qualifications with respect to acting as an independent compliance consultant in SEC enforcement matters?
Bob began his career at the SEC in Chicago in the Enforcement Division. In the years afterward, he was a partner in law firm that defended SEC investigations and enforcement actions., served as head of compliance for the Chicago Mercantile Exchange, and, for the past eleven years, was the Chief Compliance Officer of a mutual fund complex. This experience uniquely qualifies him to assess the compliance policies and procedures of advisers, mutual funds, and other financial services organizations. Bob believes he offers sound judgment and an established reputation for integrity to such engagements.
What resources do you bring to your services?
When appropriate, Bob engages the assistance of other experienced compliance consultants, and industry experts. The needs of the client dictate the expertise and resources necessary to achieve the goals of the engagement.
How do you assess the retirement plans of non-profit organizations?
For ten years, Bob served as the “Senior Officer” under a settlement with the New York Attorney General’s Office, which required that he prepare an exhaustive evaluation of the reasonableness of the fees and expenses paid by mutual fund shareholders. He used this experience to assist a local non-profit to evaluate, and later replace, its 401k provider. The process begins with bringing transparency to the fees already in place. Then competitors are asked to submit proposals that will reduce fees and offer better investment alternatives. Finally, Bob conducts educational sessions to explain the new program to employees.
We have over 30 years experience providing expert advice.
Every client is unique, and our work is a collaborative effort.
We strive for timely and optimum results.
Expert and experienced advice
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If you would like more information or discuss your firm’s needs, just submit your contact information in the form to the right, or email us if you prefer. You may also call us at (847) 274-5229.