Mr. Kress brings over thirty years of broker-dealer regulatory compliance experience, including Net Capital Calculation (Rule 15c3-1), Customer and PAB Reserve Formula (Rule 15c3-3), and customer sales practice concerns, which include Regulation BI and anti-money laundering. ​

Prior to joining Patomak, Mr. Kress was an Assistant Regional Director at the Securities and Exchange Commission (SEC) in the Division of Examinations (Division). In this role, he was responsible for managing high profile projects consistent with the Commission’s and Division’s priorities. He provided expert advice on financial, operational, and sales practice matters while supervising a staff skilled in accounting, finance, economics, quantitative analysis, and law. ​

Before his appointment as an Assistant Regional Director, Mr. Kress served as a Branch Chief in the Division, where he oversaw inspections of broker-dealers and investment advisers for compliance with SEC and Financial Industry Regulatory Authority rules and regulations. He led teams conducting risk assessments of firms’ business practices, analyses of firms’ processes and policies for regulatory compliance (through monitoring and testing of controls), and informed policy making divisions through risk-targeted examinations. ​

Before joining the SEC, Mr. Kress spent several years as an Associate Analyst for Bank of America Securities and Salomon Smith Barney, where he provided equity research on the investment banking and asset management industry, which enabled him to gain financial industry experience firsthand. ​

Mr. Kress received his MBA in quantitative analysis and his B.S. in finance from St. John’s University, where he was a member of two nationally-ranked baseball teams and won a Big East Championship. He also holds the Chartered Financial Analyst designation.​