A long-term regulatory compliance secondee was needed part-time
The attorney also needed to hold a special license and have specific experience
Lumen identified a proven attorney with a FINRA Series 7 license
Estimated Client Savings: $161,100 vs. large law firm rates
A Fortune 500 Financial Services corporation engaged Lumen Legal to assist with a need for an experienced regulatory compliance attorney to handle overflow work on a part-time basis. The role focused on reviewing, analyzing and assisting with the approval of external communications to ensure compliance with the various regulatory requirements and internal guidelines.
In addition to a JD, the client also requested that attorneys have a series 24 and/or 26 license and possess specific experience in the areas of marketing of mutual funds and insurance. The client was comfortable with the work being done on a remote basis, which allowed for a talented, nationwide candidate pool.
Lumen Legal tapped our proprietary database of more than 400,000 legal professionals to locate the right candidate. Our team identified a highly experienced regulatory attorney in the investment advisory, broker-dealer and risk management areas. Our attorney worked remotely for the client.
Including a background focused on all aspects of wealth management products and employee compliance with applicable rules and regulations, our attorney had a proven track record and previous inquiry experience with FINRA (formerly NASD).