Melinda LeGaye

President
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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.

 

 

Recent Events:

 

 

Melinda (Mimi) LeGaye, President of MGL Consulting LLC, founded the firm in 1984. Her responsibilities include consulting with clients regarding capital structures of broker/dealer and investment advisors, registration of their firms with FINRA, SEC, NFA, CFTC and various state agencies as broker/dealers and investment advisors. She works with clients to structure and document their supervisory systems and procedures to comply with regulatory requirements.

Ms. LeGaye also acts as the primary connection with clearing firms to coordinate their due diligence process, execution of clearing agreements, and accounting issues. She interfaces with accountants on the preparation of annual audits for submission to FINRA, SEC and state agencies. She oversees the preparation of underwriting calculations, and she has been directly responsible for the documentation and coordination of $114 million worth of subordinated debt loan transactions for clients for use in underwriting and permanent capital transactions with FINRA. She further assists clients and their legal counsel with review of offering documents, including private offering memorandums, escrow account agreements, and placing agent agreements.

Ms. LeGaye works with FINRA staff members in various Districts to review, negotiate and modify firm’s Membership Agreements to properly address and or expand the business scope of our clients. She has extensive experience consulting with clients and their legal counsel to determine strategies for handling SEC, FINRA, and State regulatory enforcement investigations and actions, as well as negotiating settlements with FINRA Offices relating to proposed sanctions and disciplinary actions. Ms. LeGaye also provides litigation support in the form of strategic consulting and expert witness testimony. Ms. LeGaye holds a Bachelor of Business Administration from Sam Houston State University. She holds the General Securities Principal, General Securities Representative, Financial and Operations Principal, the Municipal Securities Principal, Investment Banking Representative, Direct Participation Program Principal, Direct Participation Program Representative, the Commodities Representative and the Uniform State Agent Law Examination registrations with FINRA and the Texas State Securities Board. She has served as a member of the National Association of Compliance Professionals and the International Association of Financial Planners.