Salvatore Faia, JD, CPA, CFE
Founder and President
Salvatore has extensive experience with Mutual Funds, Investment Advisers, Hedge Funds, Broker Dealers, Business Development Companies and the investment management industry. His Fund experience includes Mutual Funds, Global Funds, International Funds, Hedge Funds and Business Development Companies. In addition to being an experienced Investment Company Act of 1940 Act and Advisers Act attorney, he is a Certified Public Accountant, and holds FINRA Securities Licenses, including the Series 7 (General Securities Representative), Series 24 (Securities Principal) and Series 63 (Uniform Securities Agent), and Series 79 (Investment Banking). Salvatore is also Qualified as an Investment Adviser Representative.
Salvatore is a Member of the ICI’s Compliance Committee.
Salvatore has worked on Funds, Advisers, and Broker Dealers from inception, to launch, to successful marketing. He has built Compliance Programs from the ground up, and has often worked with regulators, including the Securities and Exchange Commission, FINRA and State agencies. He has a wealth of practical and educational experience. He participated in the SEC Break Point Task Force, and the SEC Omnibus Accounting Task Force.
Salvatore received his Law Degree from the University of Pennsylvania Law School where he graduated with Order of Coif Honors, and his Undergraduate Degree in Accounting and Finance, with summa cum laude Honors. He is admitted to practice law in various jurisdictions, and holds an active CPA license, is a member of various professional bars and organizations, and a frequent speaker at Compliance and Investment Industry events.
He was previously a Partner at an AM 100 Law Firm. He also has served as Chief Legal Counsel for an Investment Adviser and Broker/Dealer.
Lelia Long has over three decades of Investment Adviser and Mutual Fund experience. Ms. Long served as Director of Client Services for the North American Operations of a $60 Billion Investment Adviser. Her duties included oversight over Client Servicing, Compliance, Operations and Marketing. She has developed and implemented valuations systems, trading systems, and portfolio management systems. She has developed Adviser functionalities relating to the use of Portfolio Valuation and Performance Measurement systems and Compliance and Trading systems. Lelia had conducted specialized Compliance Reviews for Mutual Funds and Investment Advisers. She had lead Investment Adviser Response Teams relating to Client responses for SEC Examinations. Lelia has been engaged to perform forensic testing reviews, on-site Compliance Reviews, and Investment Adviser Reviews of various areas, including Soft Dollars Reviews, Valuation Reviews, Side by Side Performance Analysis Reviews, Code of Ethics Reviews and Adviser and Mutual Fund Adviser Reviews.
Gerard Scarpati, MBA, CPA
Mr. Scarpati is a Certified Public Accountant with over 25 years of experience in the Financial Services and Investment Management Industry. Mr. Scarpati was one of the initial founders of Lockwood Financial Group―one of the leading entities responsible for the growth of multi-trillion dollar Separate Account Industry. Gerard served as Chief Financial Officer of Lockwood until it was acquired by BNY Mellon Inc. Prior to serving as Chief Financial Officer of Lockwood, Mr. Scarpati was Director of Finance for Turner Investment Partners. He also held Senior Financial Management Level positions as Continental America Insurance Company. Gerard started his career at KPMG Peat Marwick.
Mr. Scarpati previously served as Chief Compliance Officer of a Federally Registered Investment Company. He has established, modified and tested Investment Adviser Compliance Programs. Gerard also serves as Financial Operations Principal for FINRA registered Broker/Dealers.
Mr. Scarpati received his Bachelors of Science Degree in Accounting from the University of Delaware, and his Masters of Business Administration from Villanova University. Gerard holds numerous FINRA Licenses, including Series 27 (Financial and Operations Principal), Series 24 (Securities Principal) and Series 7 (General Securities Representative).
Robert Amweg, MBA, CMA
Robert Amweg is a Certified Management Accountant with Investment and Financial Services experience. Mr. Amweg served as the Chief Financial Officer of Turner Investments LLC, an SEC registered Investment Management firm.
In addition to managing significant aspects of Turner Investments, Bob served on the Risk Management and Best Execution Committees, oversaw soft dollar programs, managed Fund Administration, managed Hedge Fund Performance measurements, and conducted Due Diligence reviews of Services Providers, which included Mutual Fund and Hedge Fund Administrators, Fund Accountants, Transfer Agents, Distributors, and Principal Underwriters. Bob also oversaw the Annual SSAE 16 (previously SAS 70) Attestation Report Process.
Mr. Amweg brings to clients extensive Investment Adviser experience, as well as detailed knowledge in Mutual Funds, Hedge Funds, Auditing and Financial Management.
Robert Amweg is a Certified Management Accountant. He received his Bachelor of Science in Mathematics from Susquehanna University. Bob received a Masters of Mathematics and Statistics from Montclair University. Bob also received a Masters in Business Administration and Finance from Fordham University.
John Boyle, MBA, CPA
John Boyle has over twenty years of experience as a Mutual Fund Accounting Director. As Director, Mr. Boyle oversaw Portfolio Transactions, Fund Distributions and Accruals, Calculation of Net Asset Values, Corporate Action Processing, Income and Expense Accrual, Capital Balance Processing, General Ledger Processing and Periodic Reconciliation, and Disclosures Made to Investors, Clients and Regulators. Mr. Boyle also was responsible for Sub-Chapter M testing and distribution, as well as qualified dividend distributions. John has conducted detailed Compliance Reviews for Federally Registered Investment Advisers, and has conducted Fund Accounting, Transfer Agent and Regulatory Administration Reviews. He has also conducted Code of Ethics Reviews and Forensic Reviews for Investment Advisers and Mutual Funds.
Mr. Boyle has served as Treasurer for Mutual Funds, and has been responsible for SEC Filings made by Funds, including, N-CSR Filings, N-Q Filings, and Annual Reports.
Mr. Boyle brings to clients extensive Mutual Fund and Investment Adviser experience, as well as detailed knowledge in Mutual Funds, Investment Advisers, and Auditing.
John Boyle is a Certified Public Accountant. He received his Bachelor of Science in Accounting from Villanova University, and received his Masters in Business Administration from Philadelphia University.
Phillip Fitzsimmons has served in the financial services industry for over 25 years beginning his career as an analyst with Goldman, Sachs & Co. Mr. Fitzsimmons had supervisory responsibility for sales, trading and back-office operations for broker-dealers early in his career. He was selected to supervise both equity and fixed income trading for the investment services division of the eighth largest U.S. bank.
He recently served as Chief Compliance Officer for a broker-dealer, and works with Investment Advisers and Mutual Funds. He is also experienced in preparation of regulatory filings. He has prepared FINRA membership applications including business plans, supervisory procedures and SEC registrations. Mr. Fitzsimmons has been invited as a guest speaker on the topic in FINRA membership meetings. He has extensive experience with FINRA continuing membership applications and coordinating regulatory audits, working directly with SEC and FINRA examiners, auditors and external audit managers.
He most recently served as President and Financial Operations Principal of a New York City based broker-dealer where he was responsible for Compliance, financial reporting, FOCUS filings, Rule 17a-5, 15c3-1, and 15c3-3 compliance and annual audits of financial statements.
Mr. Fitzsimmons received his Bachelor’s Degree in Business Administration with a concentration in Finance from Villanova University. He currently holds the following FINRA securities licenses: Series 7 (General Securities Representative), Series 24 (General Securities Principal), Series 27 (Financial Operations Principal), Series 53 (Municipal Securities Principal), Series 55 (Equity Trader) and Series 63 (Uniform Securities Agent).
Lorraine Lennon has over 30 years of experience in financial services compliance and professional ethics. She played a key role in launching an Investment Management Company and a series of Mutual Funds through 5Star Financial, LLC. Lorraine developed and maintained comprehensive compliance programs for these companies and managed multiple functions including product development and operations.
Lorraine has extensive experience in Broker-Dealer operations and has managed the licensing and registration of multiple firms. Lorraine is also a seasoned professional in the field of Corporate Ethics. She has developed and implemented ethics programs for both financial services and non-profit organizations. She has published ethics statements and other educational materials to establish best practices in the professions.
Lorraine holds a Bachelor of Arts in Business Economics from the College of Mount Saint Vincent and has been a member of various broker-dealer and mutual fund forum groups in Washington, DC.
Perpetua Seidenberg, MBA, CPA
Perpetua Seidenberg is a Director of Compliance at Vigilant Compliance. Perpetua is a Certified Public Accountant and began her career at PricewaterhouseCoopers LLP, where she was an auditor in the Investment Management Industry. At PwC, Perpetua serviced some of the Largest Mutual Fund Clients in the world, including Vanguard and gained extensive experience in various mutual fund structures, including Large, Mid, and Small Cap Funds, ETFs, International and Global Funds, Index, Value, Growth and Bond Funds, as well as Money Market Funds to name a few.
In her role at Vigilant, Perpetua has experience in Compliance Reviews, testing and monitoring of Compliance Programs for Registered Investment Companies, Federally Registered Investment Advisers, Business Development Companies, as well as Broker-Dealers and Private Equity Firms. Perpetua has also been engaged in Compliance Reviews, Code of Ethics Reviews, she also has experience in regulatory filings with the SEC, FINRA, and state registrations.
Perpetua graduated Summa Cum Laude from La Salle University with a Master’s Degree in Business Administration and a Bachelor of Science Degree in Accounting. Perpetua was also a member of the LaSalle Honors Program and a member of Beta Gamma Sigma. Perpetua is also a member of the Pennsylvania Institute of CPAs (PICPA).
Patrick acquired twenty years of dynamic and diverse experience in the brokerage industry from various firms, including Prudential Securities, Merrill Lynch and UBS Financial Services. Patrick’s responsibilities included compliance functions for a $24-billion-dollar complex with 70 plus financial advisors. His duties included oversight of all client accounts and operations. Furthermore, he was responsible for oversight of trading and marketing.
Patrick also conducted specialized reviews for complex products and Financial Adviser activity. Most recently, Patrick was part of the Compliance Team at FS2 Capital Partners, LLC, the broker-dealer of Franklin Square Capital Partners and Franklin Square’s Advisers. Patrick holds numerous FINRA Licenses: Series 24 (Securities Principal), Series 7 (General Securities Representative), Series 9 and 10 (General Securities Sales Supervisor), Series 66 (Uniform Combined State Law) and life and health insurance licenses.
Patrick earned his bachelor’s degree from Texas A&M University and is involved with the local chapter of the Association of Former Students.
Charles has experience in the design, implementation, on-going risk assessment, testing, and monitoring of Compliance Programs for Investment Advisers and Mutual Funds with respect to Firm Policies and Federal Securities Laws. Mr. Martin specializes on engagements of entities ranging from $100 Million to over $20 Billion in AUM. Charles is responsible for interfacing clients and Vigilant staff with respect to Client engagements, in areas of reporting testing results, planning, compliance issues, and potential issues.
Mr. Martin has conducted and participated in compliance/due diligence reviews of Registered Investment Advisers, Fund Administrators, Custodians, Independent Research Providers, Prime Brokers, Distributors, Transfer Agents, and Anti-Money Laundering Agents. He has experience in completing various regulatory filings with the SEC, FINRA, CFTC, and NFA. He attends and participates in Board Meetings and Audit Committee Meetings of Mutual Funds.
Mr. Martin has experience in managing SEC examinations, including interaction with Examiners, managing information flow, and drafting responses. In Mr. Martin’s day-to-day activities he has significant interaction and communication with Senior Management.
Charles began his career at Grant Thornton, LLP, where he was an auditor in the Financial Services Industry.
Charles graduated summa cum laude from La Salle University with a Bachelor of Science Degree in Accounting and Finance. Charles is a member of Beta Gamma Sigma, the International Scholastic Honor Society for Students in Business and Management.
Terry Wettergreen has over two decades of experience with two Registered Investment Advisers and their publicly traded Mutual Funds and private institutional clients. Ms. Wettergreen served as Vice President, Treasurer (Chief Financial Officer), and Secretary for the Westport Funds, from their inception in 1997 through their reorganization in 2016. She was responsible for selecting and supervising the Funds’ outsourced back office operations, coordinating and planning Board of Trustees meetings and, as Chief Compliance Officer for both Advisers, maintaining the firms’ Compliance program.
For the Institutional side of the Advisers business, Terry oversaw Client Servicing, Operations, Portfolio Analysis and Compliance. She led the Advisers Response Team to Security and Exchange Commission (“SEC “) Examinations and interfaced with SEC staff while on site. She developed the Advisers’ Compliance Policies and Procedures Manual and was responsible for proactively updating the program as mandated by ever changing governmental rules and regulations. Terry also oversaw the Advisers’ in-house IT function, selecting and interfacing with outsourced IT consultants; she coordinated the update of the firms’ entire system several times during her tenure.
Terry received both her Undergraduate Degree in Marketing and her Masters in Finance from Fairfield University. She holds FINRA Securities Licenses including Series 6 (limited Securities Representative) and 63 (Uniform Securities Agent).
Vigilant Compliance can service all of your Compliance needs throughout the United States with our Compliance Staff.