Fiduciary Compliance Associates LLC Information

FCA was founded by securities compliance expert Charles Lerner who has more than three decades of experience enforcing regulations for the federal government and helping investment advisers, broker-dealers, and private investment funds, comply with them. During the first part of his career, Mr. Lerner was an attorney in the Division of Enforcement of the Securities and Exchange Commission in Washington, DC, where he investigated complex and precedent setting cases involving insider trading, market manipulation and reporting violations. He then became the Director of Enforcement at the agency which preceded the Employee Benefits Security Administration at the US Department at Labor. At the DOL, he directed the nation-wide enforcement program that investigated fiduciaries and service providers to private sector pension and welfare plans for violations of fiduciary, prohibited transaction and reporting requirements under ERISA. Since the late 1990s, Charles has held senior compliance positions at major financial institutions. At Bankers Trust Company, he was a Managing Director in charge of compliance for investment management, private banking, corporate trust, and trust and custody of retirement plan assets. At BlackRock Financial Management, he was a Managing Director in charge of portfolio compliance of client accounts (mutual funds, hedge funds, separate accounts, UCITS). He also served as the Chief Compliance Officer for UBS Dillon Read Capital Management and Duff Capital Advisor's hedge funds. Charles graduated with a BS from Cornell University and received a JD from Brooklyn Law School. He is admitted to the practice of law in New York and Maryland. He is a frequent speaker and panelist on compliance and enforcement. Charles is the editor of four compliance guides for investment advisors published by PEI Media International. Charles is also a Senior Advisor and Regulatory Consultant to Milne Legal, a law firm located in Zurich and Paris that advises US registered investment advisers located in Europe.