Regulatory Roundtable Participants

Len Patti,Chief Compliance Officer – MCAP

Len Patti has over 20 years of experience in the securities industry.  Prior to joining MCAP as the firm’s Chief Compliance Officer in 2018, he held senior compliance and supervision positions at Bear, Stearns & Co. Inc., Cantor Fitzgerald, L.P., and Instinet, LLC.  Mr. Patti is a proud United States Navy veteran and served in Operation Desert Storm during the Persian Gulf War.

Michael G. Tirello, Head of Compliance Product Manager– SSEOMS BLOOMBERG L.P.

Michael G. Tirello is a Global Compliance Product Manager in Sell-side Execution and Order Management Solution (SSEOMS) at Bloomberg L.P. In this role, he is responsible for the design, oversight and delivery of corporate and regulatory compliance tools and trading workflows. Prior to joining Bloomberg in 2014, Mr. Tirello served as the head of compliance and product co-head for Flextrade’s order management system and Lava Trading’s ColorPalette solution. He rounds out his sell-side expertise with hands-on compliance and trading experience with several international banks.

Ron Trout, Compliance Director, – INTL FCStone Financial Inc.

Ron Trout serves as Compliance Director at INTL FCStone Financial Inc.  Mr. Trout is responsible for all compliance matters relating to the Firm’s domestic brokerage clearing products as well as the company’s global program. Over the past 20 years Mr. Trout has also served as Chief Compliance Officer, Compliance Director, and Head of Capital Markets Compliance at various broker dealers serving both retail and institutional clients.  Ron Trout has a BA in Macroeconomics and International Business at Schiller International University in Heidelberg, Germany.

Scott Satchwell, Senior Compliance Officer – INTL FCStone Financial Inc.

Scott has over 25 years in the securities industry.  He began his career as an Equity Position Trader for Raymond James & Associates.  He spent 15+ years trading equities and convertibles, providing liquidity to institutions while actively balancing risk associated with long/short positions.  Scott joined Merrill Lynch/Bank America in 2009 as a Financial Advisor servicing retail and small businesses.  Scott joined INTL FCStone Financial in 2016 and has taken a leading role in enhancing the Firm’s Fixed Income compliance program as well as its domestic and international clearing operations.  Scott earned a BS in Finance from the University of South Florida.

Walter Ferstand, Director of Regulatory and Compliance Reporting – BestXstats

Walter Ferstand is a veteran compliance and regulatory expert with more than 30 years of capital markets experience in the broker/dealer and exchange side of the business.  Prior to joining BestXstats, Walter was the Compliance Subject Matter Expert at both Redkite Financial Markets and NICE Actimize. He has also held senior-level compliance positions at Man Financial and Instinet, and served in market operations management capacities during a 10-year tenure with NASDAQ.
Mr. Ferstand specializes in cross-asset electronic and DMA trading requirements, including REG NMS 611, 605 and 606, OATS, TRACE, TRF, and MSRB Compliance Reporting.  Mr. Ferstand also has extensive knowledge of the development, forensic testing and risk assessment of compliance programs in accordance with SEC, FINRA, and CFTC rules and regulations, including new and proposed rules.
As a compliance expert, Mr. Ferstand works closely with BXS clients and prospects to evaluate, educate and advise on compliance requirements, ensuring each firm has the proper solutions to meet their specific business needs. His expertise in designing strategy and implementing strong business practices in accordance with Dodd-Frank and other regulatory initiatives for swaps, fixed income, commodities and equity/option instruments is a great asset in helping firms develop and author policies and procedures.  He also hosts frequent webinars on industry subject matter, best execution requirements, as well as SEC-FINRA examination priorities.