RalphMagee Ralph Magee Jr. Senior Consultant 804.965.5400 vCard

Ralph is a Senior Consultant with over 20 years of experience in the financial industry.  Through a variety of roles with Wachovia Securities, LLC, and The Financial Group of Virginia, Ralph gained his expertise in the areas of trading, compliance and retail brokerage, including his extensive understanding of trading and regulatory reporting of preferred securities, convertible stocks and bonds, and equity-linked securities.  A member of the Oyster Consulting team since 2010, Ralph has led multifaceted teams in two large scale client remediation projects, completed the registration and design of compliance programs for various RIAs, and continues to monitor the personal trading compliance of national RIAs. The ability to keep projects on track, within scope and on budget, is one of Ralph’s greatest skills.

Expertise

  • Project lead for two large-scale remediations involving incorrect fees charged by a Registered Investment Advisor and Mutual Fund Fee charges to clients when waivers were available
  • Reviewing, classifying and analyzing large-scale data sets to identify system breakdowns and inconsistencies to attain full scope data sets for solution evaluation
  • Extensive regulatory knowledge surrounding the compliance of personal employee trading accounts for access persons of RIA’s and broker-dealers
  • Developed and implemented Employee Trade Review Systems, conducted quarterly review/reporting and conducted Capital Markets branch audits for a national firm
  • Worked with two national brokerage firms in the review, enforcement and maintenance of Capital Markets and Retail Equity, Fixed Income Trade Supervision, and Best Execution
  • Reviewed, revised and implemented Policies and Procedures and trade flow analysis for Capital Markets and Retail Equity/Fixed Income Trading of two major brokerage firms
  • Developed and implemented a new compliance surveillance system for Equity and Fixed-Income trading for a national retail brokerage firm
  • Experience with multiple broker-dealers performing ACT Trade review and corrections
  • Conducted OATS audit for a leading national back-office provider
  • Experience in OATS reporting and correction through FINRA Gateway
  • Advanced user of Thompson One/BETA, Smart Station/Supervision, Bond Desk, LAVA, Bloomberg and NASDAQ Trader, Schwab (Compliance 11), Protegent PTA, FINRA OATS
  • Completed registration and design of compliance program for various Regional Investment Advisors

Career Highlights

  • Consultant, Spherion and First Place Staffing
  • Vice President, Fixed-Income / Equity Trader, Wachovia Securities (now Wells Fargo Advisors)
  • AVP, High-Net Worth Client Analyst, Wachovia Securities
  • Financial Consultant, The Financial Group of Virginia

Education, Accolades and Industry Commitments

  • B.A., Business and Economics, Randolph-Macon College
  • FINRA Series 6, 7, 55, 63 and 66 registrations (Registrations are typically inactive, but may be used when appropriate to perform interim functions for our clients)
  • Three section examinations toward the CFP designation