Glen Garofalo

Glen Garofalo is a Bates Group Testifying Expert and the Managing Member of GFG Financial Services Consulting, LLC, concentrating in the areas of Margin Lending, Risk Management and Operational Services.  He is a former Director of Credit Regulation for the Financial Industry Regulatory Authority where he served from March of 2007 through August of 2016 (prior to July '07 his position was actually held under the NYSE Regulation Inc. organization prior to its' merger with the NASD, which became FINRA), and was responsible for administering and providing technical guidance and education on the credit and margin rules of FINRA, the SEC, and the Federal Reserve Board (i.e., Regulation T and U).  At FINRA, Mr. Garofalo was responsible for building and implementing the SRO’s Portfolio Margin program, where he managed over the review and approval of over 35 Member Firm applications.  

In addition, Mr. Garofalo steered membership and industry committees, formed for the purpose of discussing margin rules and regulations and the interpretation and updating thereof.  In addition to his time at FINRA, Mr. Garofalo held senior management roles in the Margin Operations and Prime Brokerage divisions at Cantor Fitzgerald & Co., Bear, Stearns & Co., Paine Webber Inc., and Kidder, Peabody & Co., Inc. He currently sits as a Board Member of the SIFMA Credit and Margin Forum.  Glen holds a BS in Business Administration from Seton Hall University.