John Chung started his legal career as an Assistant District Attorney in Brooklyn, New York. Since 1986, when he joined the American Stock Exchange’s Enforcement Division as Senior Counsel, Mr. Chung has concentrated his practice in SEC/SRO compliance and securities regulation. Mr. Chung has served as a senior executive at a number of major brokerage firms including Prudential Securities (Senior Counsel in charge of West Coast litigation), Sutro & Co (Chief Compliance Officer), Van Kasper & Co. (General Counsel, member of Executive Management, Compensation, Credit and Due Diligence Committees) and Wells Fargo Van Kasper (Chief Operating Officer, member of Operating, Compensation, Credit and Due Diligence Committees).
In 2003, Mr. Chung founded Gold Mountain Consulting, LLC, a regulatory compliance consulting practice offering expert witness and litigation support services, in addition to a broad array of consulting services to broker-dealers and registered investment advisors seeking to enhance compliance and supervisory procedures. He associated with the Sutro Group in 2007.
Mr. Chung is a former Chairperson of the NASD’s District Business Conduct Committee (District 1), and is admitted to practice law in both New York and California. He is a graduate of the Securities Industry Institute Wharton Program and formerly held the following securities licenses: Series 7 (General Securities), Series 8 (NYSE Branch Manager), 14 (NYSE Compliance Officer), 24 (NASD Securities Principal), 55 (NASD Equity Trader) and 63 (NASD Uniform Securities Agent).
Mary Jane Delaney Principal
Mary Jane Delaney entered the financial services industry in 1983 with Prudential Securities in New York where she was a Senior Vice President and Associate General Counsel and served as a securities, regulatory and employment lawyer. She became the Executive Vice President and General Counsel of Sutro & Co in San Francisco, California in 1991 where, for 10 years, she directed that firm’s Legal, Compliance and Human Resources Departments and was a member of the firm’s Executive Committee, Operating Group, Credit Committee, Due Diligence Committee and a member of the Operating Group of the parent company, Freedom Securities. When RBC Dain Rauscher in Minneapolis, Minnesota, acquired Sutro in 2001, Ms. Delaney assumed the position of Senior Vice President, Director of Compliance and Private Client Group Counsel and served as a Director of that firm. At RBC, she was licensed as a Series 14 (NYSE Compliance Director). In August of 2004, Ms. Delaney established Delaney Mediation and Consulting in Mill Valley, California and associated with The Sutro Group in 2007.
Ms. Delaney currently serves as an outside Director and member of the Audit and Governance Committees of Wedbush Morgan Securities in Los Angeles, California.
Ms. Delaney had the honor of serving on the Executive Committee of the Securities Industry Association Compliance and Legal Division (SIACL) for ten years where she held various positions including Vice President of the Retail Subcommittee and Chair of the Regional Firms Committee. Over 17 years, she chaired and/or served as a speaker at annual SIA, NASD ALI and NRS conferences on numerous and varied topics related to broker-dealer, supervision, employment and regulatory topics.
Fergus Henehan Principal
Fergus Henehan started his career in the financial services industry 30 years ago with Prudential in New York. During fourteen years with Prudential Securities, Mr. Henehan managed numerous operations departments including Commodities Margin, Operations Control and Cashiering Management. He was the Executive Assistant to the CEO of Prudential Securities, accumulating financial data and analyzing the firm’s proprietary position data to assist the CEO in the management of firm risk. He was a senior executive in Prudential’s Training Department, a financial consultant and a branch office manager. Ultimately, Mr. Henehan served as the Chief Operations Officer of Prudential Canada where he was a member of the Management Committee. Between 1991 and 2001, Mr. Henehan acted as the Chief Administrative Officer for Sutro & Co, Wells Fargo Securities and Principal Financial Securities. As Chief Administrative Officer, Mr. Henehan directed those firms’ Operations Departments, Finance Departments, IT Departments and at Wells Fargo Securities, the Compliance Department.
In 2002, Mr. Henehan established Henehan Consulting, which provides consulting services, expert analysis and expert witness testimony on behalf of broker-dealers and investment advisory clients in securities litigations and arbitrations. Mr. Henehan associated with The Sutro Group in 2007.
Mr. Henehan has held numerous securities licenses including Series 3, 7, 8, 27 and 63. At the invitation of the NASD, he served as a Committee Member on the Financial Principal’s Exam Committee (1993 to 2006) and the Financial Responsibility Committee (1998-2000). He is an NASD arbitrator and is a graduate of the Securities Industry Institute Wharton Program.
Eric Smith Principal
Eric Smith has been a compliance professional for more than 25 years with broker-dealers and investment advisers of sizes, from start-ups to large full service wire houses.
Mr. Smith has extensive experience in audit, branch and home office operations, policy and procedure development and implementation, registration and licensing, surveillance, continuing education, anti-money laundering, investment advisory compliance, trading and market making. Mr. Smith holds the following NASD/NYSE licenses: Series 4, 7, 8, 14, 24, 53, 63, 65.
Maria McGarry Special Partner
Maria McGarry is a lawyer and compliance
professional who has worked with clients in the financial services
industry in regulatory and civil matters since 1987. For 14 years, she
practiced law in various Philadelphia law firms, representing large and
small broker-dealers and investment advisers in federal,
state and self-regulatory administrative proceedings, class actions and
securities arbitrations. In 2000, she became in-house counsel at
Quaker Securities, Inc., a boutique agency execution broker-dealer with
an exclusively institutional clientele. Through affiliates of Quaker's
parent company, the Citco Group, she provided legal and compliance
advice and structure for an investment manager to a mutual fund complex,
as well as to an SEC registered transfer agent which served as
administrator to a stable of registered investment companies. For the
past 4 years, she has served as General Counsel and Chief Compliance
Officer of an investment adviser to a hedge fund where she spearheaded
the registration process and developed, implemented and enforced
compliance procedures.
