Jeffrey Holik is a consultant with RRS, where he provides regulatory and compliance support to the retail financial services industry, including banks, broker-dealers, and advisers. Jeff is a seasoned and accomplished securities professional with 25 years of experience as the general counsel of a bank-affiliated investment business, as a senior financial services regulator, and in private law practice.
Mr. Holik has a deep understanding of how federal securities laws and regulation affect the retail financial services business. He has specific experience with sales practice investigations; product approval and due diligence issues; and FINRA processes, including regulatory reporting, the exam program, eligibility (statutory disqualification) issues, and membership application/CMA matters.
For almost a decade, Mr. Holik served as a chief legal officer for PNC Bank’s retail broker-dealer and investment adviser. He was responsible for all legal matters and he teamed with the firm’s compliance and risk officers to manage overall risk to the business. During his tenure, Mr. Holik collaborated with his business partners on several acquisitions; numerous product platform expansions; clearing firm consolidations and migrations; regulatory exams and investigations; clearing firm consolidations and migrations; regulatory exams and investigations; and a major business model change to enhance cross-sell opportunities with the Banks. He served as PNC’s lead legal expert on bank regulatory issues affecting the investment business, including Regulation R, and he advised the Bank regarding OCC oversight examinations of the retail investment businesses.
Mr. Holik also brings the valuable perspective of a former senior regulator to his work. He served for ten years in several policy and management positions at FINRA, including Senior Vice President in the Office of General Counsel and in the Department of Member Regulation. Prior to FINRA, Jeff was Deputy Director of Enforcement at the Commodity Futures Trading Commission. He began his career in private law practice with two national law firms.
Mr. Holik earned a Juris Doctoral degree, with high honors, from George Washington University, and a Bachelor of Arts, Summa Cum Laude, from Union College.