James L.

James L. Pierson

Forty years of experience in financial services, focusing on compliance, market conduct, training and sales practices in the mutual fund, variable annuity and variable life insurance industry. Additional experience includes oversight of field sales and compliance organizations. Served as Chief Compliance Officer one of the 50 largest insurance companies in the United States , leading compliance groups in broker dealer, insurance company and sales supervision compliance. Holds series 1, 6, 26 and 63 licenses.

The last ten years have been rough for the mutual fund industry. Market timing and late trading scandals in 2003 led to a substantially more demanding regulatory environment, including the adoption of the rule requiring funds to designate a compliance officer and implement a comprehensive compliance program, which presented fund boards with...Full Article »