NEW YORK, April 6, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global marketplaces, today announced its wholly-owned subsidiary, OTC Link® ATS, has appointed Michael T. Corrao as Chief Compliance Officer. Corrao joins OTC Link ATS with over 25 years of broker-dealer compliance experience. He served more than nine years as Chief Compliance Officer of Knight Capital Markets LP, now known as KCG Holdings, Inc., one of the country's largest market makers, and most recently practiced as a consultant focusing on broker-dealer trading and surveillance compliance in the Regulatory Risk practice at KPMG LLP.
Logo - http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
As the Chief Compliance Officer of OTC Link ATS, Corrao will be responsible for all aspects of the firm's broker-dealer compliance program and will focus initially on coordinating the firm's compliance with the SEC's Regulation Systems Compliance and Integrity ("Regulation SCI"). Corrao will report to Michael Modeski, President of OTC Link ATS.
"We continue to focus on regulatory compliance as a cornerstone of our operations, and we are excited to add a highly respected, experienced Chief Compliance Officer in Mike Corrao," said Modeski. "With the introduction of the SEC's Regulation SCI and our unique position in the market, a strong compliance function is essential to our future growth and success. I look forward to working closely with Mike as we build out our compliance processes and continue to provide services that solve problems for our subscribers."
Prior to Corrao's roles at Knight Capital and KPMG, he spent more than 15 years at Charles Schwab & Co., Inc. where he served in a variety of compliance roles of escalating responsibility until being named Chief Compliance Officer of the firm's market making unit, Schwab Capital Markets LP, in 1997.
Corrao graduated with a Bachelor of Arts in Finance from Catholic University of America in Washington, DC.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks: the OTCQX® Best Marketplace; the OTCQB® Venture Marketplace; and the OTC Pink® Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Subscribe to the OTC Markets RSS Feed
Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
SOURCE OTC Markets Group Inc.
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article