Cheryl Young, Founder and Chief Executive Officer of SCA, has been consulting with investment advisers and broker-dealers for twenty years on regulatory matters. Her expertise includes development of compliance programs, conducting SEC and FINRA mock inspections and managing regulatory inspections. She has developed an international practice that includes traditional investment advisers, private fund managers, family offices, both institutional and retail broker-dealers.
Cheryl is a CPA and holds a bachelor’s degree in Accounting. She also holds the Certified Regulatory and Compliance Professional (CRCP) designation granted by the FINRA Institute/Wharton School Certification Program. The CRCP program is a two year program through The Wharton School at the University of Pennsylvania open to qualified candidates from the SEC, FINRA and Industry. The CRCP Program is the premier executive program designed for regulatory and compliance professionals.
Cheryl has managed a large number of diverse compliance engagements during her career. Her work with both traditional and private fund advisers and family offices includes: (i) developing and continuously updating customized compliance policies and procedures that incorporate industry best practices as well as current SEC expectations, (ii) managing and conducting SEC mock examinations focused on current SEC priorities, (iii) responding to SEC deficiency letters and providing remediation services, (iv) developing risk assessments and conflict identification and mitigation for complex business models/strategies, (v) developing annual review programs and conducting testing, including forensic testing, (vi) managing the SEC registration process, (vii) providing compliance training to CCOs and other staff members, and (viii) preparing Form ADV 2 and related disclosures for advisers with complex strategies/ownership structures.
Her broker-dealer experience with both institutional and retail broker-dealers covers a wide range of business activities (investment banking, research, institutional trading, structured products, variable annuities, municipal securities, traditional retail products, alternative investments, M&A) and compliance support, including: (i) designing customized FINRA compliance programs and written supervisory procedures, (ii) conducting supervisory controls reviews as well as developing supervisory control testing programs, (iii) managing and conducting FINRA mock examinations, (iv) preparing responses to FINRA examinations and assisting firms during FINRA examinations, (v) managing the FINRA broker-dealer registration process, (vi) conducting compliance and continuing education training seminars,(vii) consulting on financial and operations matters, and (viii) acting as an independent consultant in response to FINRA enforcement actions.
In addition to her CPA and CRCP designations, Cheryl has passed the Series 27 (FinOp), series 24 (General Securities Principal) and series 7 (General Securities Representative) FINRA examinations. She has participated in a number of industry conferences and previously sat on the advisory board of Complinet North America, a leading compliance information provider. She is currently a member of the National Association of Compliance Professionals (NSCP). Before entering compliance consulting, she held Industry positions as CFO, CCO and VP of Corporate Finance.
On a Personal Note
Cheryl is an avid horsewoman and back country adventurer. She also has a keen interest in Native American art, culture and history.