GMG Spotlight

Some GMG happenings deserve a little closer look – see below for our very latest newsworthy items…

September 26, 2018

SEC’s Proposed Investment Advice Reform

On April 18, 2018, the Securities Exchange Commission (SEC) released its much anticipated “Investment Advice” proposal that could fundamentally change the way broker-dealers and their representatives do business.1 The intent is to enhance the quality and transparency of relationships (taxable and non-taxable) with investment advisers and broker-dealers while retaining access to a variety of advice … more

August 3, 2018

LIBOR Transition: Staying Ahead of The Curve

Interbank offered rates (IBORs) play a central role in financial markets. The Federal Reserve estimates approximately $200 trillion in assets are tied to USD LIBOR alone. They are embedded into all functions of the financial markets from valuation, to performance and risk management. However, since 2008, the growing scarcity of transactions in the unsecured market … more

July 17, 2018

Goals-based Investing: A New Approach to Wealth Management

The financial services industry is in the midst of sweeping shifts in demographics between two generations of investors and the approach for meeting the needs of both is evolving towards a holistic, goals-based approach to wealth management. Click on the link below to learn more. Goals Based Investing- A New Approach to Wealth Management  

June 22, 2017

Department of Labor (DOL) Fiduciary Rule Takes Effect

On June 9th, the Fiduciary Rule went into effect requiring financial advisers to act in the “best interest” of their clients in retirement accounts and adhere to the Impartial Conduct Standards set by the DOL. Key provisions include: Fiduciary must act in the best interest of the client Compensation received must be reasonable in relation … more

June 22, 2017

Fundamental Review of the Trading Book (FRTB)

In 2016, the Basel Committee on Banking Supervision (BCBS) performed a hypothetical portfolio exercise on risk-weighted assets calculated on the same portfolio by multiple banks.  The exercise exposed substantial variations in the calculations between these banks,  signifying the need for a more uniformly applied treatment of market risk. As a result, the Fundamental Review of the … more

April 17, 2017

Four Common Mistakes Managers Make During SEC Audits

Alternative Investment Firms primarily focus on the investment side of the business, but it is important that they do not neglect the operational side of the equation. In today’s complex regulatory landscape, compliance and cybersecurity are major concerns for the Securities and Exchange Commission and are sure to come up in an audit. Check out … more

February 27, 2017

The Capital Markets: Evolution of the Financial Ecosystem

Eric Blackman, the Regulatory Compliance partner at Gartland and Mellina Group, is a contributing author to the recently published book titled The Capital Markets: Evolution of the Financial Ecosystem. The Capital Markets is considered a new standard for providing, in practical textbook style, a comprehensive overview of the financial marketplace and its products. The subject … more

December 12, 2016

2016 SIFMA Mutual Fund Roundtable

On November 9th, 2016, Gartland and Mellina Group was invited to the SIFMA Mutual Fund Roundtable in St. Louis to discuss the impact of the Department of Labor (DOL) Fiduciary Rule on the industry. The event was held at the Stifel offices and had 17 broker dealers represented. Members from the Wealth and Investment Management … more

November 30, 2016

GMG hosts 2nd Annual Build-a-Backpack night in support of Operation Backpack

The Gartland and Mellina Group has established a formalized philanthropy program that is committed to supporting social causes, raising awareness, and giving back to the community through volunteer efforts. On August 4th, 2016, Gartland and Mellina’s Philanthropy Committee hosted its 2nd Annual Build-a-Backpack Night in support of Operation Backpack, a city-wide campaign sponsored by Volunteers … more

April 6, 2016

New ‘Fiduciary’ Rule Unveiled by DOL

On April 6th 2016, the Department of Labor (DOL) unveiled the final version of the ‘Fiduciary’ rule at the Center for American Progress, a nonpartisan think tank in Washington, D.C.  The rule is expected to be the most disruptive piece of regulation since the Employee Retirement Income Security Act (ERISA) of 1974 and would change the … more

February 22, 2016

DOL Fiduciary rule Proposal sent to OMB

In April 2015, the Department of Labor (DOL) proposed regulations that would change the definition of a “fiduciary” under the Employee Retirement Income Security Act of 1974 (ERISA) to expand the class of persons and entities that would be subject to strict fiduciary duties and prohibited transaction rules under ERISA and the Internal Revenue Code. … more

January 22, 2016

Gartland & Mellina Group (GMG) set to revolutionize financial services processing with provisional patent for the implementation of blockchain technology

Gartland & Mellina Group (GMG) set to revolutionize financial services processing with provisional patent for the implementation of blockchain technology NEW YORK, NY – February 22, 2016 – Gartland & Mellina Group—GMG is pleased to announce the filing of a provisional blockchain patent holding potentially groundbreaking changes to the financial services industry. Blockchain technology, the … more

September 8, 2015

Impact of Re-regulation, De globalization and Disruptive Technology on the Financial Services Industry

In the 30 years prior to the Financial crisis, our Industry flourished driven by technology, deregulation and globalization. In recent years, the Industry is being re-sized and reshaped by re-regulation, de-globalization and disruptive technologies. GMG is hosting an event on Thursday, 10/22 with a highly distinguished panel to discuss the current state of the industry: … more

August 26, 2015

SEC Increases Scrutiny of Technology Rules

The Securities and Exchange Commission recently adopted new technology rules for the US securities markets. These rules collectively formed Regulation Systems Compliance and Integrity (Regulation SCI) with the objective of increasing investor confidence by strengthening market’s infrastructure and controls to mitigate market disruptions.  Regulation SCI applies to national securities exchanges, FINRA, all registered clearing agencies, higher-volume equity alternative trading systems (ATSs), … more

December 9, 2014

GMG Continues Supporting Dark Pool Initiatives in Iight of increased Regulatory Focus

In Q1 of 2015, the GMG Regulatory & Compliance practice continued work in the Dark Pool space to ensure potential changes and enhancements to client’s ATS matching engine were consistent with regulatory expectations, enhanced control requirements and best practice.  GMG interviewed all critical staff members, reviewed real time and historical trade data, control frameworks, matching … more

November 18, 2014

Broker Dealers Brace for Major Money Market Reform

Following the approval of the 2014 money market reform by the Securities and Exchange Commission (SEC), broker-dealers and fund companies have begun to respond to mandated changes to the structure of money market funds. These reforms, which take effect October 2016, fundamentally alter the ability of money market funds to offer investors liquidity and preservation … more

October 7, 2014

SIFMA Complex Products Forum

On October 29th, GMG Regulatory and Compliance members – Eric Blackman and Brad Nassau will be speaking at the SIFMA Complex Products Forum in New York.  The Complex Products Forum is a collaborative event that brings together regulators, distributors, and manufacturers to discuss the issues, challenges, and opportunities related to the sale of complex products … more

September 23, 2014

Future Landscape of the US Financial Services Industry

On September 17th, John Gustav, Partner and Financial Services & Strategy Practice Lead was invited to address the USC Marshall Alumni Association to present his views on the future of the US Financial Services Industry.  The event was organized by the New York Chapter of the USC Marshall Alumni Association and held at the WeWork … more

January 30, 2014

Exclusive Dodd-Frank Webcasts

VOLCKER RULE: EXAMINING THE IMPACT Date: Thursday, January 30 Time: 2:00 p.m. ET / 1:00 p.m. CT / 11:00 a.m. PT The long-delayed Volcker rule goes into effect on April 1, 2014. It will raise the cost of regulatory compliance, as well as require organizations to change their approach to data management and record-keeping. Many … more

November 13, 2013

SIFMA Mutual Fund Roundtable

On October 12th, Gartland and Mellina Group was invited to the SIFMA Mutual Fund Roundtable in San Francisco to discuss the impact of the proposed SEC regulation on Money Markets. The event was held at the Charles Schwab offices and had 16 broker dealers represented responsible for Mutual Funds, Money Markets and 529s. Members from … more

July 31, 2013

Diversity Roundtable

On June 25, GMG conducted its 4th Diversity Roundtable entitled, “Introduction of New & Innovative Diversity Tools & Solutions.” The event was hosted at Moore Capital and had 16 different companies attend. Featured was guest speaker, D. Michael “Mickey” Collins, Director of the Office of Minority and Women Inclusion at the FDIC. Mr. Collins provided … more

June 1, 2013

Celebrating Our Four Year Anniversary

June 2013 marks the four year anniversary of The Gartland and Mellina Group. We’ve come a long way since the company was founded in 2009 with ten employees. Over the years, the value we have delivered to our clients has allowed us to grow exponentially. We now have over 60 employees, serve numerous clients across … more

April 10, 2013

We’ve updated our website!

As GMG grows, so does our need to keep up with the marketing and communication aspects of our business. Our newly redesigned website is designed to provide the most up-to-date information about GMG’s activities, successes and people. Some of the new enhancements include: a link to industry news that we view as pertinent to our … more

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