Who We Are
B.S. State University of NY Buffalo
MBA, State University of NY Buffalo
Series 7, 9/10, 14, 24, 27, 28, 53, 55, 63, 65, 86/87
Steven C. Bender, CPA
Managing Director, Financial Operations
Modern Regulatory Services, LLC
Steven has been employed in the securities industry for the past thirty years. He began his career with the NASD as a field examiner and rose to Field Supervisor in the Cleveland District Office. In his nine years with the organization, he obtained comprehensive expertise in industry rules and regulations while conducting field examinations of all types of NASD broker/dealers. He had co-responsibility for overall District Office review of broker/dealer financial filings (approximately 180 broker/dealers) as well as individual responsibility for analyzing the financial and operational condition of approximately 25 broker/dealers.
Since leaving the NASD 22 years ago, Steven has held numerous compliance and financial positions, including top compliance roles at regional, large bank-affiliate, and niche NASD broker/dealers. His compliance duties have included line responsibility or advisory relationships to line managers responsible for retail sales, institutional sales, investment banking, research, and NASDAQ and fixed income trading desks; oversight review and advice on research, trading, and underwriting issues; maintenance of watch and restricted lists; annual compliance reviews and compliance meeting presentations; and review and processing of Rule 144 transactions.
Steven currently serves as Managing Director of Financial Operations at Modern Regulatory Services, where he monitors and ensures compliance with industry financial responsibility rules for broker/dealers. In this role he has functioned as a Financial & Operations Principal for several different types of niche NASD broker/dealers and performed all Financial & Operations functions required of broker/dealers including accounting, reporting, filing activities, audit support, and interaction with regulators, among other duties.
Steven has obtained a number of essential licenses and memberships during his career, including the Series 7, 9/10, 14, 24, 27, 53, 55, 63, 65, and 86/87. He is a licensed Certified Public Accountant in the state of Ohio and a member of the American Institute of Certified Public Accountants (AICPA), the Securities Industry Association Financial Management Division, and the Securities Industry Association Compliance and Legal Division, among other organizations. He is an Industry Neutral for FINRA Dispute Resolution. Steven graduated from State University of New York at Buffalo with a BS and MBA.
Favorite Book – The Wizard of Oz, L. Frank Baum
Favorite Movie – Indiana Jones—Raiders of the Lost Ark
Bucket List – Complete the North Country National Scenic Trail
Favorite Destination – Washington DC