Douglas Colombo is a Senior Consultant for Renaissance Regulatory Services, a full service-consulting firm that offers a wide range of regulatory and compliance consulting services to broker-dealers and registered investment advisers. Mr. Colombo has a mix of over 30 years of consulting and industry experience in the compliance, operations, and financial areas. In his various consulting and industry assignments he has managed, advised and worked directly for broker-dealers, hedge funds and investment advisors regarding federal, state and SRO rules and regulations. During his many years working in the public/private Brokerage environment, he has worked and managed various departments and gained knowledge and experience in most areas of the industry. This includes trading desks, floor brokers and exchanges, institutional & retail Firms, investment banking and research departments.
In addition to his Operations and Compliance experience, Mr. Colombo specializes in financial reporting, compiling full financials, net capital, and FOCUS reports. He is also knowledgeable of UK financial reporting. His past clients include small to midsize broker dealers as well as large Financial Institutions. Mr. Colombo is also knowledgeable of AML issues within all the preceding areas mentioned.
During his industry experience, he has acted as the Chief Compliance Officer, Chief Operations Officer, and Chief Financial Officer of small and mid-size domestic and international broker-dealers. Within these roles, Mr. Colombo was responsible for the development and supervision of the operations and compliance programs of each which included policies and procedures, AML training, supervision, annual audit programs as well as the coordination of contact with regulators. In addition, Mr. Colombo was responsible as the FINOP for all financial and regulatory reporting to FINRA and the SEC. Mr. Colombo has conducted annual compliance meetings for international broker-dealers and helped manage international compliance working groups.
In his role as a financial consultant, Mr. Colombo has managed internal staff and supervised financial filing for over 120 firms. Furthermore, he has advised firms on issues related to supervisory and compliance policies, procedures, surveillance, regulatory interaction, licensing AML and CE training. On the international side, Mr. Colombo has worked with USAID and NASDAQ establishing new financial market structures, which included the development of a Trading System for local broker-dealers, as well as development of a working equity depository system.
Mr. Colombo’s industry registrations include FINRA Series 7, 24, 27, 53, 55, 63, 79, 99 and Research Principal.