Henry “Hank” Sanchez, Jr. is a Bates Group Managing Director and a seasoned compliance and legal professional with over 30 years of securities industry experience working with a wide range of companies, from small financial firms to national clients. He has extensive expertise in risk management, investment advising, financial legal issues, risk assessment, and compliance and due diligence.
Before joining Bates, Mr. Sanchez served as Managing Director of a compliance consulting firm, where he was engaged to act as contract Chief Compliance Officer, analyze compliance programs, assess product due diligence, develop a Conflicts of Interest program, testify as an expert witness, act as Independent Consultant on regulatory matters, and consult on a wide variety of issues. Prior to that, he was with LPL Financial Corporation, where he held compliance leadership roles as Vice President of Surveillance/Governance, Sr. Vice President/Chief Compliance Officer.
For more than 10 years, Mr. Sanchez was a regulator with both the SEC and FINRA. While with the SEC, he was assigned to the SEC’s Division of Market Regulation, working in the Office of Trading Practices, and the Office of Inspections, Options Branch. At FINRA, he served as regional counsel in FINRA Regulation’s Enforcement Department. He is also a FINRA Arbitrator.
Mr. Sanchez received his B.A. in Criminal Justice from Richard Stockton State College, his J.D. from Rutgers University School of Law - Newark, and his LLM with a Securities Regulation concentration from Georgetown University Law Center. He has also received a Compliance and Regulatory Professional Certification from the NASD/Wharton Institute. Mr. Sanchez is a frequent speaker at securities industry conferences and is also an accomplished writer, whose work has appeared in securities industry-related publications throughout his career.
Hank is a consultant and subject matter expert in these Practice Areas and Services:
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Securities and Financial Services Litigation & Consulting
- Retail Securities
- Institutional Securities
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Regulatory & Internal Investigations
- U.S. & Global Regulatory Investigations
- Internal Investigations
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Compliance Solutions
- Broker-Dealers
- Registered Investment Advisers
- Cyber Security
- Compliance Testimony
Credentials
EXPERIENCE
Oyster Consulting, LLC, New Orleans, LA, Managing Director, 2015-2019
Oyster Consulting, LLC, New Orleans, LA, Associate Director, 2010-2014
LPL Financial, Vice President, Surveillance/Governance, Risk & Compliance, 2009-2010
LPL Financial, Senior Vice President/Chief Compliance Officer - Brokerage, 2007-2009
TIAA-CREF Individual & Institutional Services, Vice President/ Compliance Officer – Client Services, 2004-2005
High Mark Insurance and Financial Services, Vice President/General Counsel, 2003-2004
Reed Smith LLP, Of Counsel, 2001-2002
National Association of Securities Dealers, Inc., Counsel, Internal Review, 1999-2001
NASD Regulations, Inc., Regional Counsel, 1993-1999
Page & Bacek, Resident Partner, Concentration in Securities and Arbitration Litigation, 1991-1993
Bulter, Burnette & Pappas, Senior Associate, Director of Corporate and Securities Department, 1989-1991
Piper Rudnick LLP, Associate, Corporate and Securities Department, 1987-1989
U.S. Securities and Exchange Commission, Attorney-Advisor, Division of Market Regulation, Office of Inspections, Options Branch, 1986-1987
U.S. Securities and Exchange Commission, Attorney-Advisor, Division of Market Regulation, Office of Trading Practices, 1984-1986
First Investors Corporation, Law Clerk, 1982-1983
New Jersey State Police, New Jersey, State Trooper, 1977-1981
EDUCATION
Georgetown University Law Center – Washington, DC, LLM, Securities Regulation, 1985-1988
Rutgers University School of Law – Newark, NJ, JD, Law, 1981-1984
Stockton University – Galloway, NJ, BA, Criminal Justice, 1974-1977
PROFESSIONAL QUALIFICATIONS
Compliance and Regulatory Professional Certification – NASD Institute/Wharton program
FINRA Series 7, 24, and 79 registrations and the Life, Health and Variable insurance license
Bar Memberships: New Jersey (1984), Florida (1987), Pennsylvania (1984) (Inactive in PA), District of Columbia (2001)
Member of the SIFMA Compliance and Legal Society
National Society of Compliance Professionals Board of Directors 2003-2006
Member, Editorial Board, Practical Compliance & Risk Management for the Securities Industry – Wolters Kluwer
PUBLICATIONS
Compliance Developments in 2017 for Broker-Dealers – Practical Compliance & Risk Management for the Securities Industry (Vol. 11, No.1), January/February 2018
The New Regulatory Landscape – Practical Compliance & Risk Management for the Securities Industry – Wolters Kluwer, January 2018
SEC Issues Guidance on Form ADV Amendments – Are You Ready for October 1? – Blog Post, August 31, 2017
Form ADV Changes Are Around the Corner – Are You Ready? – Blog Post, August 2, 2017
The SEC’S 2017 Top Priorities: What They Are and What Compliance Professionals Need to Know – NSCP Currents, February, 2017
CCO Transparency in the SEC Spotlight – Blog Post, June 22, 2015
FINRA’s New Consolidated Supervision Rules – Hank Sanchez – Practical Compliance & Risk Management for the Securities Industry – Wolters Kluwer, September-October 2014
FINRA Wants You To Identify Your Conflicts of Interest – Hank Sanchez – NSCP Currents Magazine, November, 2013
NASD Proposes Rule That Would Require All Member Firms to Both Create and Maintain a Business Continuity Plan – NSCP Currents Magazine, September/October, 2002
The NASD’s Disciplinary Process and How It Relates To Individual Investors – American Association of Individual Investors Journal (Vol. XVI, No. 7), August, 1994
Monthly Checking Account Reconciliation: A Whole New Ballgame – Hillsborough County Bar Association Lawyer (Vol. 3, No. 9), June 1993
An Overview of the Securities Arbitration Process – Hillsborough County Bar Association Lawyer (Vol. 3, No. 7), April 1993
Reading and Understanding Brokerage Account Statements – American Association of Individual Investors Journal (Vol. XIV), November, 1992
Protecting Your Hard-Earned Money – Florida Gulf Coast Business Line, October, 1992
Limited Partnership Interests: What Are They Worth? – American Association of Individual Investors Journal (Vol. XIV), April, 1902
SPIC: What Happens If Your Brokerage Firm Fails? – American Association of Individual Investors Journal (Vol. XII), November, 1990
Discovery in Securities Arbitration – Federal Bar Association Newsletter, Summer, 1990
Resolving Broker Disputes: The Arbitration Process – American Association of Individual Investors Journal (Vol. XII), February, 1990
Should Claims Involving Public Customers Arising Under the Securities Exchange Act of 1934 be Subject to Compulsory Arbitration? – 10 Harvard Journal of Law & Public Policy 173, Winter 1987