Michael R. Schaps joins The LeGaye Law Firm as Director of Regulatory Compliance

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Financial industry veteran Michael R. Schaps joins The LeGaye Law Firm P.C. as Director of Regulatory Compliance. Schaps brings over 20 years of real world business experience in dealing with broker-dealer regulatory and compliance issues to The LeGaye Law Firm.

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We are fortunate to have the opportunity to be able to provide the clients of The LeGaye Law Firm with access to Michael’s real world broker-dealer and financial industry experience.

The LeGaye Law Firm, PC is a law firm established to primarily provide focused and personal legal regulatory and compliance services to broker-dealers and financial advisers in the financial services industry. It has recently been joined by Michael R. Schaps, in the position of Director of Regulatory Compliance*. In this newly created position, Schaps will report directly to Daniel E. LeGaye, Founder and Managing Director of the LeGaye Law Firm.

In commenting on their new relationship, LeGaye stated "I have had the good fortune to work with Michael previously, and between his exemplary real world experience in the financial services industry, and his historical concern for meeting the needs and expectations of clients, he will be a valuable asset to the growth of the firm".

In his career in the financial services industry, Michael has functioned as a Financial and Operations Principal (FINOP) for both NYSE and FINRA member firms, and in addition has held positions as a branch office manager and chief compliance officer. Schaps has spent the last eleven years as a securities regulatory consultant focusing on compliance matters for broker-dealers, including matters related to:

  • Anti-Money Laundering
  • FINRA Examination Preparation
  • New Member Applications
  • Continuing Member Applications
  • Business Continuity Plans
  • Privacy Policy Testing
  • Preparation of Written Supervisory Procedures
  • Review of Written Supervisory Procedures

*Michael R. Schaps is not licensed to practice law.

About The LeGaye Law Firm, P.C.
The LeGaye Law Firm, P.C., was established to provide focused and personal legal services to broker-dealers and financial advisers. The Firm's expertise is targeted to answer and respond to the complex legal and practical questions and challenges facing broker-dealer and investment advisory firms on a timely and cost-effective basis. We provide regulatory legal support to broker-dealers and investment advisors in a manner meant to minimize regulatory threats and allow clients to focus on business opportunities. The legal services provided by The LeGaye Law Firm includes FINRA, SEC, NFA, and CFTC registrations, overall regulatory compliance services and an experienced legal perspective on a wide spectrum of managerial, financial, regulatory, and business expansion issues that face a broker-dealer and or investment adviser.

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Daniel LeGaye
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