Wedbush Securities Taps Michael McMaster as Compliance Officer
- His career includes stints as CCO with BNY Mellon’s Capital Markets, Libra Securities and Rabobank’s broker/dealer unit.
Los Angeles-based Wedbush Securities, a provider of private and institutional brokerage services in the US, has secured the services of Michael McMaster as its Senior Vice President and Chief Compliance Officer (CCO(
In his new capacity, Michael will oversee the company’s legal, compliance, surveillance, and regulatory practices, and also help maintain ties with domestic and international partners within the financial services industry.
He will be tasked with ensuring adherence to the relevant rules, regulations, and guidelines by which the firm is bound. Given the increasingly global nature of the business and a regulatory landscape that is constantly evolving, this is a greater challenge now than ever before.
“He will serve as a liaison for the firm on compliance matters with its regulators, including FINRA, the SEC, and the NYSE. Mike will be based in the firm’s Los Angeles headquarters, reporting to Andrew Druch, Esq., Executive Vice President, General Counsel and Chief Administrative Officer,” Wedbush said.
McMaster has gained extensive experience from more than 22 years in compliance roles and managing large scale regulatory projects. His career, which spans over three decades, encompasses several stints as CCO with BNY Mellon’s Capital Markets and Clearance and Collateral Management Divisions and previously as CCO for Libra Libra Libra is a yet-to-be-released cryptocurrency proposed by Facebook, Inc., that will aim to serve as a global payment system and a stable financial infrastructure that people across the world can use. The projected release date of the libra cryptocurrency is currently slated for 2020, while the project is currently being managed by the Libra Association.Headquartered from Geneva, Switzerland, the Libra Association main purpose is founded on three pillars.This includes the provision of a framework Libra is a yet-to-be-released cryptocurrency proposed by Facebook, Inc., that will aim to serve as a global payment system and a stable financial infrastructure that people across the world can use. The projected release date of the libra cryptocurrency is currently slated for 2020, while the project is currently being managed by the Libra Association.Headquartered from Geneva, Switzerland, the Libra Association main purpose is founded on three pillars.This includes the provision of a framework Read this Term Securities and as CCO and Counsel with Rabobank’s broker/dealer unit.
Earlier in his career, he initially worked as a mortgage-backed securities trader.
Founded in 1955, Wedbush Securities provides futures Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and clearing services to major futures exchanges, supporting a variety of clients, including non-clearing FCMs, introducing brokers, professional traders, and institutions. Earlier last year, the company agreed to acquire the assets of technology-focused registered investment adviser ABR Investment Strategy LLC.
“I’m very excited to join the Wedbush team and I look forward to providing advice and guidance on the regulatory landscape as the business expands,” stated Mike McMaster.
Andrew Druch added: “Mike has an impeccable career as a CCO, and his knowledge of securities law and regulations is unparalleled. We are thrilled to have him joining Wedbush and overseeing compliance.”
Los Angeles-based Wedbush Securities, a provider of private and institutional brokerage services in the US, has secured the services of Michael McMaster as its Senior Vice President and Chief Compliance Officer (CCO(
In his new capacity, Michael will oversee the company’s legal, compliance, surveillance, and regulatory practices, and also help maintain ties with domestic and international partners within the financial services industry.
He will be tasked with ensuring adherence to the relevant rules, regulations, and guidelines by which the firm is bound. Given the increasingly global nature of the business and a regulatory landscape that is constantly evolving, this is a greater challenge now than ever before.
“He will serve as a liaison for the firm on compliance matters with its regulators, including FINRA, the SEC, and the NYSE. Mike will be based in the firm’s Los Angeles headquarters, reporting to Andrew Druch, Esq., Executive Vice President, General Counsel and Chief Administrative Officer,” Wedbush said.
McMaster has gained extensive experience from more than 22 years in compliance roles and managing large scale regulatory projects. His career, which spans over three decades, encompasses several stints as CCO with BNY Mellon’s Capital Markets and Clearance and Collateral Management Divisions and previously as CCO for Libra Libra Libra is a yet-to-be-released cryptocurrency proposed by Facebook, Inc., that will aim to serve as a global payment system and a stable financial infrastructure that people across the world can use. The projected release date of the libra cryptocurrency is currently slated for 2020, while the project is currently being managed by the Libra Association.Headquartered from Geneva, Switzerland, the Libra Association main purpose is founded on three pillars.This includes the provision of a framework Libra is a yet-to-be-released cryptocurrency proposed by Facebook, Inc., that will aim to serve as a global payment system and a stable financial infrastructure that people across the world can use. The projected release date of the libra cryptocurrency is currently slated for 2020, while the project is currently being managed by the Libra Association.Headquartered from Geneva, Switzerland, the Libra Association main purpose is founded on three pillars.This includes the provision of a framework Read this Term Securities and as CCO and Counsel with Rabobank’s broker/dealer unit.
Earlier in his career, he initially worked as a mortgage-backed securities trader.
Founded in 1955, Wedbush Securities provides futures Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and clearing services to major futures exchanges, supporting a variety of clients, including non-clearing FCMs, introducing brokers, professional traders, and institutions. Earlier last year, the company agreed to acquire the assets of technology-focused registered investment adviser ABR Investment Strategy LLC.
“I’m very excited to join the Wedbush team and I look forward to providing advice and guidance on the regulatory landscape as the business expands,” stated Mike McMaster.
Andrew Druch added: “Mike has an impeccable career as a CCO, and his knowledge of securities law and regulations is unparalleled. We are thrilled to have him joining Wedbush and overseeing compliance.”