Lecturer Bios
Shelly Davis Esq.
Shelly Davis is Senior Director, Risk Monitoring in FINRA’s Member Supervision department. Risk Monitoring is a key regulatory function that is unique among regulators, providing a dedicated team focused on each member firm.
Ms. Davis leads a team focused on retail firms that offer a range of products to individual investors. In this capacity, she is responsible for oversight and strategy to identify and address current and emerging risks at member firms. Ms. Davis has worked in the industry for more than 25 years, including various roles at FINRA and the Nasdaq Stock Market.
Ms. Davis has a bachelor’s degree from Wellesley College and is a registered Certified Fraud Examiner with the Association of Certified Fraud Examiners.
Joseph J. Sheirer, Esq.
Joseph J. Sheirer is the Director of FINRA’s New Jersey District Office. Mr. Sheirer oversees the Surveillance, Cycle Examination, and Cause Investigation Programs for member firms and associated persons located in New Jersey and New York (outside of the five boroughs of New York City and Long Island).
Mr. Sheirer previously developed and oversaw FINRA’s national Membership Application Program group and worked in varying capacities in a number of other FINRA departments including Risk Oversight and Operational Regulation, Continuing Education, Testing, and Qualifications and Registration.
Mr. Sheirer is a graduate of Brooklyn Law School and Drew University and is a member of the Bars of the States of New York and New Jersey.
Kosha Dalal, Esq.
Kosha Dalal is Associate Vice President and Associate General Counsel with FINRA’s Office of General Counsel. In this role, she provides legal guidance on various policy initiatives and rule changes / interpretations including, supervision, non-cash compensation, branch office, customer account statements, payments to unregistered persons and corporate actions. She has been with FINRA’s Office of General Counsel since 2000.
Prior to coming to FINRA, she was an associate with the law firm of Venable in Baltimore, MD, Kalkines Zall in New York, NY and Skaden Arps in New York, NY. Ms. Dalal attended Columbia University in New York, NY where she received a bachelor’s degree in political science and economics. She received her law degree from Brooklyn Law School.
Jennifer Szaro
Jennifer Szaro is Chief Compliance Officer for XML Securities, LLC a fully disclosed
introducing broker/dealer and its affiliated investment advisory firm, XML Financial
Group. Ms. Szaro is responsible for managing both firms' compliance
infrastructures. Ms. Szaro joined the securities industry in 2000. She previously
worked in the technology sector where she had experience in ecommerce, website
hosting and product development. As the securities industry went through significant
changes with higher regulatory demands, she took on more compliance and
marketing related roles.
In 2011, she became a senior level executive and Chief
Compliance Officer of the broker dealer, then dually registered. In addition to her
current role as CCO, she is the AMLCO, and alternative FINOP. In 2012, she completed FINRA’s Certified
Regulatory and Compliance Professional Program (CRCP)®
. In 2018, she became a non-public FINRA
Dispute Resolution Arbitrator, having qualified through the National Arbitration and Mediation Committee.
In
2019, she was appointed to serve out a two-year term on the FINRA’s Small Firm Advisory Committee
(SFAC), serving as the 2020 Chair. She was re-appointed to serve a three-year term through 2023. Ms.
Szaro holds the following FINRA registrations; Compliance Officer (CR), Introducing Broker-Dealer Financial
and Operations Principal (FI), General Securities Principal (GP), General Securities Representative (GS),
Investment Company and Variable Contracts Products Representative (IR), Municipal Securities Principal
(MP), Municipal Securities Representative (MR), and Operations Professional (OS). Ms. Szaro is a graduate
from the University of Rhode Island with a Bachelor of Science
Erica A. Green
Erica A. Green is the Vice President and General Counsel of FOLIOfn Investments, Inc. Ms. Green has extensive experience in the financial services industry with small and large financial services firms, primarily serving as inside and outside legal counsel relating to all aspects of broker-dealer regulation.
Ms. Green currently oversees the team at FOLIOfn Investments, Inc. (Folio) that is charged with addressing the legal and compliance issues of the firm, including general corporate matters and compliance with the federal and state securities laws, rules and regulations as well as those of FINRA and the SEC. Folio, a self-clearing firm, offers online self-directed, brokerage services to retail investors, investment advisors and other broker-dealers, including facilitating transactions in publicly-traded equity securities, registered debt and private placements.
Folio’s websites (including the secondary trading platforms of two peer-to-peer lending platforms), advertising and other sales materials of Folio fall within the team’s purview for review and compliance with the firm’s advertising policies, and FINRA and SEC advertising rules. Prior to joining Folio in November 2013, she was Vice President, Associate General Counsel with Goldman, Sachs & Co., where she focused on the electronic trading-related activities of the firm, including its affiliate Goldman Sachs Execution & Clearing, L.P. In that role, as the primary legal contact, she worked with marketing, business and compliance personnel to develop marketing materials relating to the Goldman Sachs Electronic Trading products.
Before joining Goldman, Sachs & Co., Ms. Green spent over 6 years at Wilmer Cutler Pickering Hale and Dorr LLP advising broker-dealers on corporate and SEC and FINRA regulatory matters and investment management clients with respect to trading agreements and transactions.
