Bart J. McDonald is the Executive Vice President and Chief Operating Officer of RRS. Mr. McDonald is responsible for RRS’ investment advisory practice and has over twenty years of public/private sector regulatory compliance experience. His experience includes a unique combination of advising and auditing investment advisers, broker-dealers, private funds, investment companies and bank holding companies relative to federal, state, and self-regulatory rules and regulations.
As a consultant, Mr. McDonald has conducted hundreds of compliance engagements to assess adherence to securities industry rules and regulations. His clients have included the largest national and multinational investment advisers, broker-dealers, private funds, banks, law firms and regulatory organizations. Mr. McDonald has extensive experience with all aspects of securities regulation, including portfolio management, performance marketing, soft dollars, trading, market-making, sales practices, branch office supervision, financial audits, internal controls, and registrations. In addition, he has guided hundreds of FINRA members through the FINRA New Member and Membership Continuance process. Mr. McDonald previously managed the broker-dealer registrations department of a major compliance consulting and outsourcing business.
As a regulator, Mr. McDonald was a Branch Chief and Compliance Examiner with the Securities and Exchange Commission’s Southeast Regional Office, he was responsible for planning, conducting, and supervising complex financial, operational and sales practice examinations of investment advisors, private funds, broker-dealers, and investment companies. Mr. McDonald also managed inspections of FINRA District Offices and oversight examinations of the NYSE and FINRA. Mr. McDonald provided investigative support to the SEC’s Enforcement staff on matters relating to fraudulent distributions and manipulation of securities, misappropriation of customer funds, material misrepresentations, unregistered broker-dealer and investment advisory activities, and undisclosed compensation. In addition, Mr. McDonald participated in several regulatory task force sweep examinations with the SEC, SROs and state regulatory bodies.
Over the course of his career Mr. McDonald has been quoted in industry periodicals and asked to speak at regulatory and industry training programs. His presentations include Compliance Program Structure, Portfolio Management, Custody, Best Execution, Code of Ethics, Soft Dollars, Electronic Communications, Performance Advertising, and the SEC’s Chief Compliance Officer Outreach Seminar.
Mr. McDonald received a Masters in Business Administration and a Bachelor of Arts in Economics from Florida Atlantic University. He also holds the Certified Regulatory Compliance Professional designation from the FINRA Institute at Wharton, and the NSCP Certified Securities Compliance Professional designation.