Michael Heaton joined SCA with eight years of industry experience in broker dealer and investment adviser compliance, where he honed the ability to identify areas of risk, to effectively monitor daily activity for compliance with policies and procedures, and to modify compliance programs for new regulatory changes.
Michael is a Certified Securities Compliance Professional (CSCP), which the National Society of Compliance Professionals (NSCP) confers to individuals who complete the Certificate of Advanced Study (C.A.S) program in Securities Compliance offered through Utica College. The CSCP designation distinguishes individuals with intermediate to advanced proficiency and a commitment to advancing securities compliance practices, lifelong learning, and professional development. Candidates that achieve the CSCP credential have successfully demonstrated expertise of broker-dealer, investment adviser or dual registrant compliance best practices, rules and regulations, and industry standards. Michael is also a Certified Anti-Money Laundering (CAMS) Specialist, which the Association of Certified Anti-Money Laundering Specialists (ACAMS) confers on those individuals who possess professional knowledge, skills and experience in the detection and prevention of money laundering. Michael received his Bachelor of Arts in Letters with a Minor in French, Summa Cum Laude, from the University of Oklahoma in 2000, and his Master of Human Relations degree from the University of Oklahoma in 2004. Michael received his Certificate of Advanced Study in Securities Compliance from Utica College in 2017. Michael also attends regional and national regulatory conferences to gain insight into new rules, regulations, and areas of concern for the industry.
Currently, Michael's consulting work includes:
- Design and preparation of compliance procedures for broker-dealers and investment advisers;
- Investment Adviser Annual Reviews;
- Form ADV updates and Annual Amendments;
- Anti-Money Laundering audits;
- Supervisory Controls reviews;
- State registration issues and filings;
- Creation of internal audit testing modules and compliance calendars;
- New broker-dealer registration;
- New Investment Adviser registration (SEC and State); and
- WebCRD and WebIARD filings and monitoring.
On a Personal Note
Michael's passion for working with people, education, and organizational development inform his consulting work. In his free time, Michael explores hiking trails and enjoys the culinary and arts scene in his hometown of Denver, Colorado.