Thomas J.

Somelofske
973-580-6047

tsomelofske@optonline.net

AS S E T M AN AG E ME N T / B RO KE R - DEAL E R CO M PLI AN C E
Securities ~ Regulatory
Regulatory Compliance professional with extensive in-depth experience and expertise in investment and
regulatory compliance for Investment Management industry with a focus on Broker-Dealer and
Investment Advisory related issues. Experienced in developing Written Supervisory Procedures, Rule
206(4)-7, Policy & Procedure Testing/Auditing and Risk Management. Ensure compliance with applicable
rules and regulations; identify and analyze current regulatory trends and disciplinary actions to
recommend proactive measures.

AREAS OF EXPERTISE

SEC Rule 206(4)-7 of the Investment Advisers Act and Rule 38a-1 of the Investment Company
Act.
Policy and Procedure Testing
Supervisory Procedures
FINRA Form Filing Requirements including Form BD, Branch Office Information, Contact
Information, Form U-4, Form U-5, blue sky/state regulatory filings
FINRA and state registrations filings
NFA registrations
Regulatory Element Continuing Education
Firm Element Continuing Education
Annual Compliance Meeting
Branch Office exams
Gifts and Entertainment Policies.
Outside Business Activities for Firm employees.

P RO FE S SI O N AL EX P E RI E N CE
LORD, ABBETT & CO. LLC - Jersey City, NJ 2004 2014
Senior Compliance Manager
Responsible for compliance for a SEC registered investment advisor and a FINRA registered broker
dealer with approximately $140 billion under management. Ensured compliance with applicable SEC and
FINRA rules and regulations. Identified and analyzed current regulatory trends and disciplinary actions to
recommend proactive measures. Supervised a staff of 3 compliance professionals.

Developed and maintained written Supervisory Procedures to ensure compliance with the SEC
regulations and FINRA Conduct Rule 3110.
Conducted Policy and Procedure Testing pursuant for FINRA Rule 3120, Rule 206(4)-7 of the
Investment Advisers Act and Rule 38a-1 of the Investment Company Act.
Met frequently with Senior Management of Firm to discuss Compliance issues to provide input related
to implementing corrective action to address policy breaches and violations.
Responded to regulatory inquiries from the SEC, FINRA and other regulatory and enforcement
bodies.
Maintained and kept current FINRA Form Filing Requirements including Form BD, Branch Office
Information, Contact Information, Form U-4, Form U-5, blue sky/state regulatory filings, etc.
Managed FINRA and state registrations filings for over 350 Registered Representatives.
Managed NFA registrations for the Firm and Senior Management and Sales Team.
Created and maintained a database to monitor qualifications and registrations of all Registered
Representatives.
Oversaw and monitored the Firm Element Continuing Education program.
Conducted and monitored attendance of Annual Compliance Meeting for all Registered Persons of
the Broker-Dealer.
Conducted Branch Office exams and reported findings to CCO.
Reviewed and monitored the Firms Gifts and Entertainment Policies.

Monitored Outside Business Activities for Firm employees.

Responsible for Cash and Non-Cash Compensation controls including issuing interpretative guidance
and oversee testing/monitoring.
Conducted training for applicable business groups on Gifts and Entertainment, Outside Business
Activities, and Cash & Non-Cash Compensation.
Departmental Records and Information Coordinator.
Performed Compliance oversight of Mutual Fund Operations, Marketing Service Team and both
Internal and External Sales Groups.
Assisted CCO during regulatory examinations.

NEW YORK LIFE ASSET MANAGEMENT - Parsippany, NJ 1993 2004

nd
2 Vice President

Created, updated and maintained written Supervisory Procedures of the Distributor.

Supervised the Registrations Area for over 600 Registered Representatives.
Oversaw and monitored the Firm Element Continuing Education program.
Created and maintained a database to monitor qualifications and registrations of all Registered
Representatives.
Conducted and monitored attendance of Annual Compliance Meeting for all Registered Persons of
the Broker-Dealer.
Conducted Annual Examinations of Branch Offices to ensure compliance with federal securities laws
and NASD rules.
Conducted annual site visit of Funds Transfer Agent as part of oversight responsibilities.
Coordinated the Firms Records and Information Retention plan compliance with Rules 17a-3 and

17a-4

Oversaw the Firms Business Contingency Program (BCP).

Reviewed marketing materials such as marketing presentations, due diligence binders, summary
update sheets, and responses to RFPs/RFIs for SEC compliance and FINRA Rule 2210 compliance

NEW YORK LIFE INSURANCE COMPANY - New York, NY 1984 1993

Supervisor Compliance
Managed Advertising Review for the Distributing Broker Dealer.
Supervised the Registrations Area for over 600 Registered Representatives.
Oversaw and monitored the Firm Element Continuing Education program.
Conducted and monitored attendance of Annual Compliance Meeting for all Registered Persons of
the Broker-Dealer.
Conducted Annual Examinations of Branch Offices to ensure compliance with federal securities laws
and NASD rules.
Coordinated the Firms Records and Information Retention plan.
Oversaw the Firms Business Contingency Program (BCP).
Conducted annual site visit of Funds Transfer Agent as part of oversight responsibilities.
Supervised State Insurance audits and examinations.
Responded to inquiries made by the New York Department of Insurance.
Analyst -- Guaranteed Investments
Section Head Accounts Payable
Accountant Trainee Controllers

EDUCATION and AFFILI ATIONS

ST. JOHNS UNIVERSITY, Jamaica, NY
MBA Finance
MARQUETTE UNIVERSITY, Milwaukee, WI
Bachelor of Science -- Political Science/History
FINRA Series 6, 63, and 26 qualifications
M em b er of Asso ciation of R eg ist rat io n M an ag em ent ( AR M )
Attended numerous FINRA Conferences and Seminars