Rick joined National Regulatory Services (NRS) in 1999. He
presently serves as Vice President of Conferences, Certification, and Training. His responsibilities include providing consulting services to the
firm's clients on investment adviser, investment company, insurance,
anti-money laundering and broker-dealer regulatory matters, acting as a
regulatory liaison, and contributing to corporate development. Prior to
joining NRS, Rick was Deputy Commissioner in charge of the Securities Division
of the Vermont Department of Banking, Insurance and Securities, the state
agency responsible for oversight of the securities laws in Vermont.
Before being named to that position in 1992, he served as the Division's legal
counsel for five years. Rick was an active participant in the effort to revise
the Vermont Securities Act and was instrumental in obtaining enactment of
legislation to regulate investment advisers and strengthen Vermont's
securities enforcement powers.
While serving as Vermont’s securities administrator, Rick was Treasurer and an
elected Board member of the North American Securities Administrators
Association ("NASAA"). He also was chaired or co-chaired NASAA Working Groups
that oversaw the implementation of model state laws to implement the National
Securities Markets Improvement Act of 1996, the development of the Investment
Adviser Registration Depository (IARD), and the creation of the Series 65 and
66 investment adviser competency exams. He also served as chair of various
NASAA committees, including the Investment Adviser/Financial Planner
Committee. Rick was also on the Board of Trustees of the Vermont Teachers
Retirement System and the Vermont Securities Institute.
In 1999, Rick was invited to serve as a member of the IARD Implementation
Advisory Council, which assisted with the development and implementation of
the new investment adviser database. Other council members included
representatives from industry and from trade organizations, including the ICAA
(Investment Council Association of America) and the ICFP (Institute of
Certified Financial Planners).
Rick is a member of the bar in Florida and Vermont and formerly served as an
administrative law judge for the State of Florida. Rick has been a frequent
speaker at both NRS and other industry compliance conferences. He also has
written for and been quoted in numerous news and industry publications.