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Kenneth E. Newman

Kenneth E. Newman is a founding partner and a Managing Director of Mainstay Capital Markets Consultants, Inc. Mr. Newman brings over 35 years of securities industry and regulatory experience to the firm. A native of Birmingham, Alabama, he attended Ben Franklin University in Washington, D.C. earning an ABA in Business Administration/Accounting in 1966.

Mr. Newman started his career in the securities industry in 1968 at Ferris Company as an Internal Auditor. Over the next five years, he was promoted to Vice President of Operations and Finance. While at Ferris, he supervised the accounting department and directed the preparation of financial statements, management reports, and regulatory reports. Mr. Newman was an essential contributor in the design and implementation of a major computer conversion of the accounting and record keeping systems. As supervisor of the Securities Department, he managed the processing of all daily securities transactions and was responsible for the vault.

In 1973, Mr. Newman joined the National Association of Securities Dealers (NASD) where he conducted field examinations and financial reviews of NASD member firms.

From 1974 to 1995, Mr. Newman worked in various capacities at The Securities and Exchange Commission. He began his career at the SEC as a Securities Compliance Examiner. In this position, he participated in various audits of broker/dealers, transfer agents and other regulated entities. Mr. Newman worked individually and as a team leader. In 1984, Mr. Newman was promoted to Senior Compliance Specialist and supervised a team of Compliance Examiners in conducting the most complex examinations. These examinations required strong leadership, excellent research and accounting skills, as well as an extensive knowledge and understanding of the securities industry. Mr. Newman initiated, developed and conducted formalized training programs for examiners and contributed to the implementation of an automated examination process. In 1987, the SEC promoted Mr. Newman to the Branch Chief . While in this position, he directed a staff of accountants, examiners, consumer affairs specialists and administrative personnel. He monitored all branch examinations to ensure compliance with federal securities laws and rules of the self-regulatory organizations; directed the examination staff in conducting the more complex examinations; reviewed and approved all correspondence relating to the deficiencies found during examinations; and conducted broker/dealer and transfer agent examinations. Mr. Newman was also the ADP administrator with full supervisory responsibility for the regional computer operations In 1992, Mr. Newman was promoted to Assistant Regional Administrator, Office of Regulation reporting to the Regional Administration and the Division of Market Regulation. In this position Mr. Newman managed the Office of Regulation within the Atlanta District Office, directing all regulatory and compliance inspection programs in the five state southeastern region. He established the annual examination goals for the region, monitored the performance of the self-regulatory organizations, and served as the sole decision making authority relating to the examination and enforcement referrals. Mr. Newman provided industry expertise in support of the enforcement programs, formulated alternative solutions to enforcement actions, and periodically directed field audits to maintain cutting-edge knowledge in a rapidly changing industry.

After retiring from the SEC in 1995, Mr. Newman accepted a position with Bear Stearns as an Associate Director of Compliance in the Atlanta regional office. As the Regional Compliance Director, Mr. Newman was responsible for all compliance functions in an office of seventy-five registered representatives. He performed daily, weekly, and monthly compliance reviews of all sales activities and worked with the Branch Manager to identify and recommend solutions to compliance issues and potential problems facing the firm.

In 1996, Mr. Newman left his position with Bear Stearns and established a consulting practice for the securities industry, broker/dealers, investment advisors, investment companies, attorneys, and others in the securities industry. As a consultant he specializes in:
Operational and sales practice compliance reviews. Continuing education programs.
Mock Audits Compliance seminars.
Establishment of new IA’s Preparation of written supervisory procedures.
Compliance assistance with regulatory reviews or undertakings imposed by the SEC, SRO, or State Regulatory Authority.
Mr. Newman has also participated in many overseas capital markets development projects sponsored by The Asian Development Bank and USAIS as a regulatory and compliance specialist/expert.

Mr. Newman has held the Series 7, 8, and 63 registrations. In addition, he has participated in the NASD Training School and in numerous training programs on computer software/hardware, management, and industry regulations. He has spoken and taught classes on various topics related to the securities industry.

Mainstay Capital Markets Consultants, Inc. is a consulting firm. We are not attorneys and therefore do not offer legal services. All information contained in this website has been derived from sources that we deem to be reliable but cannot be guaranteed.
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6600 Peachtree Dunwoody Rd 600 Embassy Row, Suite 575 Atlanta, Georgia 30328 ph: 770-352-0120 866-352-0120 fax: 770-352-0038
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