Louis Dempsey, is the founder and President of RRS. Mr. Dempsey has over twenty-three years of public/private sector regulatory, compliance and operations experience, which includes a unique combination of experience in advising and auditing broker-dealers, investment advisors and bank holding companies relative to federal, state, and self-regulatory rules and regulations.
As a consultant, Mr. Dempsey has managed hundreds of engagements including compliance examinations, startups, mergers and acquisitions, creation of written compliance and supervisory policies and procedures, expert witness support and regulatory mandates. His clients have included the largest national and multinational broker-dealers, investment advisers, banks, law firms and regulatory organizations. He has extensive experience with all aspects of securities regulation, including trading, market-making, sales practices, branch office supervision, financial audits, internal controls and registrations. Mr. Dempsey previously managed a compliance consulting and outsourcing business with a staff of over 20 professionals. In addition to product and service development, he has extensive experience with staffing, training, resource allocation, budgeting and business development. He also was responsible for a quarterly newsletter focused on compliance and operations issues.
As a regulator, Mr. Dempsey has over ten years of combined experience with the Securities and Exchange Commission and State of Florida Division of Securities. He was a Branch Chief and Staff Accountant with the SEC’s Southeast Regional Office. While at the SEC, Mr. Dempsey was responsible for planning, conducting, and supervising complex financial, operational and sales practice examinations of broker-dealers and investment advisers. He also managed inspections of FINRA District Offices and oversight examinations of the NYSE and FINRA/NASD. Mr. Dempsey provided investigative support to the SEC’s Enforcement staff on several matters. During his five years with the Florida Division of Securities, he supervised and conducted complex examinations and investigations of broker-dealers, investment advisers and issuers as well as staff training and development. Mr. Dempsey has participated in several regulatory task force sweep examinations with the SEC, SROs and states.
Over the course of his career, Mr. Dempsey has been invited to speak at numerous regulatory and industry training programs. His presentations include Compliance Structure and Internal Controls, Churning Analysis, Red Flags in the Micro-cap Market, Branch Office Supervision, Registered Representative Compliance and Trading and Market-Making Compliance.
Mr. Dempsey received a Bachelor of Science in Economics with a focus in international trade and finance from The Florida State University. He also holds the Certified Regulatory Compliance Professional designation from the FINRA Institute at Wharton, and the NSCP Certified Securities Compliance Professional designation.