Mike Hebert

Senior Associate - Regulatory Affairs
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Current News:

January 1, 2017

FINRA District 6 Committee: Melinda ("Mimi") LeGaye has joined FINRA's District 6 Committee as a small firm representative.

 

 

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Mike J. Hebert, a Senior Associate for MGL Consulting LLC Broker/Dealer Division, joined MGL in 2008. Mr. Hebert’s responsibilities include consulting with clients regarding the structure and documentation of their supervisory systems, procedures, and business continuity programs, to comply with current regulatory requirements. Additionally, Mr. Hebert works with MGL’s clients to formulate and test their AML programs and procedures and delivery of Annual Compliance Meeting programs. Mr. Hebert is available to interface with clearing firms coordinating the due diligence process, ACAT transfers, and accounting issues. Mr. Hebert also provides expert witness testimony in the areas of supervision and suitability, as well as FINRA and SEC rules governing sales practices, outside business activities, and private securities transactions.

Mr. Hebert brings nearly 30 years of experience to MGL in the securities and financial services industry with the majority in senior and executive level management. His experience includes functioning with various NYSE/FINRA Member Firms as a Branch Office Manager, Senior Compliance Officer, Regional Supervisory Manager, and Relationship Manager/Principal.

Prior to joining MGL, Mr. Hebert served as a Supervisory Manager and Vice President for JP Morgan Securities, Inc. where he was responsible for all investment related activities of the firm’s Private Client Services. Mr. Hebert also had supervision of four branch offices with assets under management exceeding $10 billion.

From 2002 to 2005, Mr. Hebert was a Senior Relationship Manager and Principal for the Stanford Group Company. He successfully established seven new branch offices consistent with the firm’s growth strategies, and provided senior level support to numerous Stanford associates.

Mr. Hebert was also an Assistant Branch Manager and Chief Operating Officer for UBS PaineWebber from 2000 to 2002. In this position he had complete responsibility for all functions related to the branch office and managed approximately 110 Financial Advisors with revenues in excess of $40 million.
During his career, Mr. Hebert has also served as a Senior Compliance Associate, providing regulatory guidance to branch offices and a variety of support operations positions for Merrill Lynch, Prudential Securities, Texas First Securities, Boettcher and Company, and Rotan-Mosle, Inc.

Mr. Hebert holds licenses as a General Securities Representative, General Securities Principal, General Security Sales Supervisor/NYSE Branch Office Manager, Registered Options Security Futures Principal, Investment Banking Representative, and the Uniform Securities Agent State Law Examination. Mr. Hebert has also qualified for and completed executive management and specialty training courses for the securities/financial industry through the Wharton School of Business.