Chicago, Ill (PRWEB) December 11, 2013
OCC announced today that Richard Wallace has joined OCC as Senior Vice President and Chief Compliance Officer.
Mr. Wallace comes to OCC from Foley & Lardner LLP in Washington, DC where he was a partner. His practice concentrations there included representing securities broker-dealers, hedge funds, mutual funds, and investment advisers and their employees in SEC and FINRA investigations and disciplinary proceedings. Previously, Mr. Wallace served as Vice President and Chief Counsel in FINRA’s Market Regulation Department. Additionally, he has served as a Branch Chief and Attorney with the SEC’s Division of Enforcement. Mr. Wallace holds a degree in Political Science and a Juris Doctorate degree from University of California, Berkeley.
“It is a pleasure to welcome Richard to OCC,” said Wayne P. Luthringshausen, OCC Chairman and CEO. “Richard’s proficiency in securities law and regulation qualifies him as a fine fit to lead OCC’s compliance department in the new and continually evolving regulatory environment.”
OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the Securities and Exchange Commission (SEC) as a Registered Clearing Agency and the Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. OCC now provides central counterparty (CCP) clearing and settlement services to 18 exchanges and trading platforms for options, financial and commodity futures, security futures and securities lending transactions. More information about OCC is available at http://www.theocc.com.