Expertise
-Elder Financial Abuse (“EFE”) (FINRA Rule 2165)

-Account Take Over (“ATO”) (SEC Rule S-P, S-ID, CIP)

-AML Transaction Monitoring & Suspicious Activity Reporting (FINRA Rule 3310)

-Know Your Customer (“KYC”) (FINRA Rule 2090)

-Suitability (SEC Reg BI, FINRA Rule 2111)

-Cybersecurity

-Enhanced Due Diligence (“EDD”)

-Penny Stock Fraud

-Penny Stock Trading (FINRA Rules, 2130, 2270, 4210, etc.)

-Broker Dealer AML Independent Testing (FINRA Rule 3310)

-Unregistered Broker-Dealers (SEC Rule 15a-6)

-Unauthorized Trading

-Unauthorized Wire Transfers, ACATS, etc.

-Banks Secrecy Act (BSA)

-USA PATRIOT Act

-FINRA Arbitrator – Panelist

-FINRA Arbitrator– Chairperson



(For search purposes, not intended to be a comprehensive list)
David F. MacNair   CAMS, Cybersecurity

Managing Member, MacNair Consulting, LLC
96 Muirfield Rd
Rockville Centre, NY 11570

Work: 516-592-3621
Cell: 516-592-3621
macnairconsultingllc@hotmail.com
LinkedIn
Expertise
-Elder Financial Abuse (“EFE”) (FINRA Rule 2165)

-Account Take Over (“ATO”) (SEC Rule S-P, S-ID, CIP)

-AML Transaction Monitoring & Suspicious Activity Reporting (FINRA Rule 3310)

-Know Your Customer (“KYC”) (FINRA Rule 2090)

-Suitability (SEC Reg BI, FINRA Rule 2111)

-Cybersecurity

-Enhanced Due Diligence (“EDD”)

-Penny Stock Fraud

-Penny Stock Trading (FINRA Rules, 2130, 2270, 4210, etc.)

-Broker Dealer AML Independent Testing (FINRA Rule 3310)

-Unregistered Broker-Dealers (SEC Rule 15a-6)

-Unauthorized Trading

-Unauthorized Wire Transfers, ACATS, etc.

-Banks Secrecy Act (BSA)

-USA PATRIOT Act

-FINRA Arbitrator – Panelist

-FINRA Arbitrator– Chairperson



(For search purposes, not intended to be a comprehensive list)

Qualified as a Testifying Expert in Federal Court & FINRA Arbitrations in broker-dealer cases involving AML, Fraud, Cybersecurity, KYC, Day Trading and SEC Rule 15a-6.

Thirty (30) + years of broker-dealer experience as a Financial Crime Compliance Senior Manager building AML, KYC, & Fraud Management programs.

Specialized in building/managing transaction monitoring systems to detect money laundering, Elder Financial Exploitation (EFE), Account Take Over (ATO), Penny stock fraud, Suitability, KYC, Cybersecurity & filing Suspicious Activity Reports.

Served as a member of Senior Management Operational Risk Committees covering internal/external risks (i.e., Penny Stock Trading, Employee Conduct).

Appeared as an AML Subject Matter Expert (Moderator & Panelist) at industry conferences. Presented at the Congressional Taskforce on Terrorism & Unconventional Warfare in Washington D.C.

Active FINRA Arbitration Panelist & Chair for ten (10) + years.

Available to assist with the analysis of broker-dealer transactional data, regulations, policies, procedures & controls. Will assist in the preparation of complaints, responses, and expert reports utilized during settlement negotiations. Available to testify.

Litigation Experience:
*2025: Retained in Elder Financial Abuse Arbitration (open)
*2024: Retained in Elder Financial Abuse Arbitration (open)
*2024: Retained in Elder Financial Abuse Arbitration (open)
*2024: Federal Court: Testified on behalf of SEC in 15a-6 & Day Trading case
*2024: Mediation: Prepared report on Elder Abuse & Suitability for settlement negotiations
*2024: FINRA Arbitration: Testified as AML, Fraud, Cybersecurity SME
*2024: FINRA Arbitration Chair: Cybersecurity incident(open)
*2021: Prepared analysis on penny stock abuse & suitability in a state enforcement action
*2010 - Present: Served as FINRA Panelist at five(5) Arbitrations
*1987-1990: Testified at enforcement Hearings on behalf of FINRA

Curriculum Vitae

SER Associate Member