Scott Trilling

Background

About Scott Trilling

I am a Vice President in Compliance with Fidelity Capital Markets. Previously, I was an Equities Compliance Officer with UBS for a year where I provided 2nd LOD coverage for the firms' US Cash Equities Trading division. I previously worked for over 30 years at the Financial Industry Regulatory Authority (“FINRA”), including 18 years as a Senior Director in the Market Regulation Department, wherein I led several teams performing cross-market (e.g, NYSE, Nasdaq, OTC, etc.) surveillance and investigations, and as an Assistant Director in the Registration & Disclosure Department where I headed a large group that assessed various elements of broker-dealer membership applications (e.g, Forms U4 and BD) and withdrawals (e.g, Forms U5 and BDW). In these roles, I was particularly successful onboarding, mentoring and training individuals who developed lengthy careers founded in extraordinary market knowledge and investigative techniques. Below are additional principal areas of expertise that I will bring to your company- Substantial experience writing and editing corporate policies and procedures, investigative findings, surveillance requirements documents, and industry guidance- Extensive collaboration across a wide range of colleagues (e.g, Executives, Enforcement and/or OGC Attorneys, Member Regulation, Technology, Corporate Communications, etc.), exchange clients (e.g, NYSE, Nasdaq, CBOE, etc.) and SEC staff- Lengthy and successful program management background- Detailed knowledge of U.S. equity capital market structure and industry risk management protocols- Considerable background designing, testing (quality assurance), and implementing a suite of sophisticated surveillance tools. My teams in Market Regulation monitored equity transactions and enforced compliance with best execution, trading ahead, limit order display, SEC Regulation NMS, SEC Regulation M, SEC Regulation SHO and other relevant marketplace, conduct, and supervisory rules. We developed sophisticated surveillance tools that generated alerts which served as the foundation for hundreds of comprehensive investigations each year, frequently working jointly with FINRA’s Enforcement attorneys to prosecute the most egregious member conduct. We also researched thousands of securities offerings (e.g, IPOs, secondary offerings, private placements, etc.) annually, and leveraged our proprietary software to uncover, and refer to the SEC, hundreds of potential violations of SEC Regulation M Rule 105 conducted by investors that were outside of FINRA’s jurisdiction.