Thomas Frain, Crcp
About Thomas Frain, Crcp
Thomas Frain serves as the Deputy Compliance Officer at Siebert Williams Shank, where he manages interactions between public and private business units and oversees compliance processes. He has a background in economics and finance, with previous roles at Raymond James and Capital One, and represents his firm in various industry groups.
Work at Siebert Williams Shank
Thomas Frain serves as the Deputy Compliance Officer at Siebert Williams Shank, a position he has held since 2021. In this role, he manages interactions between public and private business units and is responsible for maintaining watch and restricted lists. He has played a key role in developing compliance processes during a period of significant growth for the firm. Additionally, he has helped design and implement technological solutions for compliance, ensuring that the organization meets regulatory standards. Frain also represents Siebert Williams Shank in industry groups, including SIFMA and the MSRB’s Compliance Advisory Group.
Education and Expertise
Thomas Frain holds a Bachelor of Arts in Economics from the University of South Florida, where he studied from 2008 to 2012. He furthered his education by obtaining a Master's degree in Finance from Colorado State University Global, completing his studies from 2014 to 2016. In 2022, he participated in the Certified Regulatory and Compliance Professional (CRCP) Executive Program at Georgetown University McDonough School of Business. This diverse educational background equips him with a strong foundation in both economics and finance, enhancing his expertise in compliance.
Background in Compliance
Before joining Siebert Williams Shank, Thomas Frain accumulated extensive experience in compliance roles at Raymond James. He served as Senior Manager for Compliance Testing & Monitoring and Capital Markets Branch Exams from 2019 to 2021. Prior to that, he worked as a Compliance Examiner for the Private Client Group from 2014 to 2015 and as Manager of Compliance for Fixed Income from 2015 to 2019. His career also includes a role as a Fraud Ops Coordinator at Capital One from 2013 to 2014. This background has provided him with a comprehensive understanding of compliance and regulatory requirements.
Regulatory Interactions
In his current role, Thomas Frain interacts directly with regulatory bodies such as FINRA and the SEC. He is responsible for addressing regulatory inquiries and managing examinations. His experience in compliance allows him to effectively navigate the complexities of regulatory requirements, ensuring that Siebert Williams Shank adheres to industry standards. His involvement with regulatory bodies underscores his commitment to maintaining compliance and fostering transparency within the organization.