Timothy Wasson

Experience

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  Commonwealth of Pennsylvania

  Jan 1980 - Jan 1986

  The first-ever compliance examiner hired by the Pennsylvania Securities Commission. Examined broker-dealers and investment advisers registered in the State of Pennsylvania. Caseworker for the Pennsylvania Department of Public Welfare, which entailed determining initial as well as ongoing benefits’ eligibility for cash payments, food stamps and medical coverage for recipients of federal and state entitlement programs.

  • Examiner - Pennsylvania Securities Commission

    Jan 1985 - Jan 1986

  • Caseworker - Pennsylvania Department of Public Welfare

    Jan 1980 - Jan 1985
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  FINRA

  Jan 1986 - Jan 1987

  Examiner

  (FINRA IS THE SUCCESSOR TO NASD)Examined broker-dealers within the jurisdiction of the Chicago District #8 Office of NASD. Selected to participate in a national pilot program related to NASD’s then interest in becoming the self-regulatory organization for SEC-registered investment advisers.

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  Federated Hermes

  Jan 1987 - Jan 1994

  Chief Compliance Officer

  (FEDERATED HERMES IS THE SUCCESSOR TO FEDERATED INVESTORS)Created and then led the first-ever compliance program for the broker-dealers and investment advisers of a large mutual fund company. Responsibilities included mutual fund reviews, licensing, advertising review, complaint investigation / resolution, and related procedures, systems and controls.• Significantly reduced vendor outsourcing expense by internalizing functions in Compliance, while simultaneously improving internal controls and mitigating risk. Show less

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  FINRA

  Jan 1988 - now

  Arbitrator

  (FINRA IS THE SUCCESSOR TO NASD)Arbitrated a multitude of complex securities industry cases as a member of the FINRA Panel of Arbitrators (both NASD & NYSE matters), acting in an industry-arbitrator capacity. This also included presiding as the chairperson for some industry-only cases. • Several cases were high profile matters involving hearing dates extending over multiple years.

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  PNC

  Jan 1994 - Jan 1998

  Chief Compliance Officer

  (PNC IS THE SUCCESSOR TO FIRST OF AMERICA BANK)Led a team of 5 compliance professionals of two broker-dealers of a regional bank holding company. Team responsibilities included sales surveillance, complaint investigation / resolution, advertising review, branch and OSJ examinations, licensing, capital markets underwriting / trading / sales, and related procedures, systems and controls. • Created the firm’s first-ever capital markets compliance program, as well as its first-ever Principal Review Desk program. Show less

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  Ameriprise Financial Services, Inc.

  Jan 1998 - Jan 1999

  Chief Compliance Officer

  (AMERIPRISE IS THE SUCCESSOR TO OLDE DISCOUNT STOCKBROKERS)Led a team of 20 compliance professionals of a national, full-service NYSE brokerage firm’s sales practice program / oversight. Team responsibilities included conducting main-office sales practice surveillance / oversight, as well as the national branch office and OSJ examination program.• Created the firm’s first-ever web-based branch examination program to be used by Compliance field staff.

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  National Australia Bank

  Jan 1999 - Jan 2001

  Chief Compliance Officer

  (NAB IS THE SUCCESSOR TO MICHIGAN NATIONAL BANK)Led a team of 2 compliance professionals of the broker-dealer and investment adviser of a regional bank holding company (Michigan National Bank, which was owned by National Australia Bank). Team responsibilities included licensing, advertising review, sales surveillance, complaint investigation / resolution, branch and OSJ examinations, and related procedures, systems and controls.• Through a venture capital initiative of the parent company, accepted an additional role of CCO for a newly created on-line options trading firm (thinkorswim.com, now part of TD Ameritrade). Show less

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  Comerica Bank

  Jan 2001 - Jan 2004

  Chief Compliance Officer

  Led a team of 5 compliance professionals of the broker-dealer and investment adviser of a regional bank holding company. Team responsibilities included sales surveillance, capital markets underwriting / trading / sales, licensing, advertising review, complaint investigation / resolution, AML, branch and OSJ examinations, and related procedures, systems and controls.• Created and then implemented the firm’s first-ever AML and CIP programs.

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  Concordia University Ann Arbor

  Jan 2003 - Jan 2004

  Adjunct Professor

  Adjunct Professor that taught undergraduate Accounting, Economics, Finance and Business courses in a traditional classroom environment.

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  Cleary University

  Jan 2003 - Jan 2004

  Adjunct Professor

  Adjunct Professor that taught undergraduate Finance courses in an online classroom environment.

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  Michigan State University

  Jul 2003 - Jul 2003

  Adjunct Professor

  Adjunct Professor that taught a course on REITs (Real Estate Investment Trusts) to a group of visiting South Korean business people who spent a summer-term studying at MSU.

• 

  Jackson

  Jan 2004 - Jan 2005

  Chief Compliance Officer

  Led a team of 25 compliance professionals and sales supervision principals for two of JNL’s independent broker-dealers and their related investment advisers. Team responsibilities included transactional sales principal review, advertising review, sales surveillance, licensing, complaint investigation / resolution, AML, OSJ examinations, and related procedures, systems and controls.• Significantly enhanced the risk program by creating a new sales surveillance function within compliance, including independent testing and internal controls. Show less

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  Fifth Third Securities

  Jan 2005 - Jan 2012

  Chief Compliance Officer

  Led a team of 11 compliance professionals of the broker-dealer and investment adviser of a regional bank holding company. Team responsibilities included sales surveillance, capital markets underwriting / trading / sales, licensing, advertising review, complaint investigation / resolution, AML, OSJ examinations, and related procedures, systems and controls.• Helped to re-engineer and more proactively mitigate Principal Review Desk’ risks, after accepting the dual role of Chief Suitability Officer at the request of the firm’s president.• Led the consolidated project team, including Sales, Operations, IT, and Principal Review, with the successful implementation of the new FINRA Rule 2111 (suitability) program. Show less

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  Lument

  Jan 2012 - Jan 2017

  Chief Compliance Officer

  (LUMENT IS THE SUCCESSOR TO LANCASTER POLLARD)Chief Compliance Officer for a boutique investment banking firm's FINRA-registered broker-dealer, including being the firm's AML Officer. Also, functioned as the Chief Compliance Officer for the firm's SEC-registered investment adviser.• Created and implemented a comprehensive FINRA / MSRB related regulatory control and principal oversight supervision program for the firm's tax exempt municipal bond business (public offerings and private placements), in 2013.• Created and implemented a Compliance and risk-related control program in conjunction with the firm's commencing its Mergers & Acquisitions practice, in 2014. • Created and implemented the firm's Compliance, controls, and regulatory supervision program in conjunction with the newly created SEC / MSRB mandate related to the firm's Municipal Advisory business, in 2015.• Facilitated the regulatory transition functions and processes related to the firm being acquired by the NYSE-listed American subsidiary of a Tokyo-based financial services conglomerate, in 2017. Show less

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  Franklin University

  Jan 2017 - Jan 2018

  Adjunct Professor

  Adjunct Professor that taught undergraduate Economics and Finance courses in a traditional classroom environment.

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  Capital University

  Jan 2018 - Jan 2021

  Adjunct Professor

  Adjunct Professor that taught graduate-level (MBA) courses (Organizational Behavior as well as Business Ethics) in a traditional classroom environment. Additionally acted as an Adjunct Professor-Advisor with select graduate-level students who were taking courses via an independent study. Finally, taught undergraduate Business Ethics courses in a traditional classroom environment.