Mr. Esche has over 25 years experience working in the securities industry. He spent 16 of those years as a securities regulator with the State of Florida, Office of Financial Regulation (“OFR”). He began his working for OFR in August of 1990. Jay was responsible for onsite broker dealer (“BD”) and investment advisor (“IA”) examinations, testifying in depositions and administrative hearings and writing target letters, examination reports, and letters of admonishment. Mr. Esche was promoted to the position of Area Financial Manager of the securities examination staff located in OFR’s West Palm Beach field office in October of 1997.
In 2006 Mr. Esche was hired by Capital Markets Compliance®, LLC. (“CMC”) as a Senior Associate Consultant. Mr. Esche’s experience at CMC included the drafting and supervision of BD supervisory procedures, RIA supervisory procedures, performing regulatory exams and testing’s as well as general compliance consulting. Jay served as the Chairman of CMC’s Written Supervisory Procedures (“WSP”) Committee. In this role he was responsible for supervising the process of keeping the firm’s BD and IA WSP up-to-date based on FINRA, SEC, MSRB, FinCEN, and NASAA releases of new rules and interpretations. Jay has extensive experience in providing Books and Records exams, mock exams, AML Testing and consulting services to BDs and IAs.