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As the new chief compliance officer, Bernstein will oversee the implementation of compliance and regulatory best practices on behalf of the firm's stakeholders. Bernstein will report directly to Peter Coleman, chief executive officer of the broker-dealer subsidiary of Merriman, and work closely with Dennis Arcilla, managing director and head of regulatory affairs.
Coleman commented: "Over the past year we have made it a priority to rebuild our compliance and regulatory functions by separating them from our legal department. Our team spent considerable time reviewing various proposals to further strengthen our new compliance department. In the end, we believe hiring someone of Howard's background and stature will bring a new perspective to our compliance and regulatory oversight and help us finally move past our recent legal battles. Additionally, I personally want to thank Dennis for his tireless efforts in managing our compliance and regulatory efforts through our recent challenges. Dennis will continue on as a senior member of our operations and compliance team."
Bernstein brings more than 10 years of experience in broker-dealer compliance and legal leadership roles. He was most recently with Wedbush Securities, Inc. where he served as director of capital markets business conduct and legal. Prior to joining Wedbush, Bernstein was director of compliance and general counsel at Pacific Growth Equities, LLC. He also served as vice president of compliance at Robertson Stephens. Bernstein began his securities industry career as a staff member on the trading floor of the Pacific Options Exchange. He earned his J.D. from the New York Law School and received a B.A. in political science from Regents College, University of the State of New York. He is admitted to the bar in New York and New Jersey.
About Merriman Curhan Ford
Merriman Curhan Ford (NASDAQ: MERR | Quote | Chart | News | PowerRating) is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services, and specializes in five growth industry sectors: CleanTech, Consumer, Media & Internet, Health Care, Natural Resources and Technology. For more information, please go to www.mcfco.com.
Option Grant
Bernstein received options to purchase 30,000 shares of the company's common stock at the closing price on October 12, 2009. The options vest 25% after one year of service and the remainder in equal monthly installments over the following three years.
Note to Investors
This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 30, 2009 and our Forms 10-Q filed on May 15 and August 11, 2009. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K/A filed on April 30, 2009 and Forms 10-Q filed on May 15 and August 11, 2009, together with this press release and the financial information contained herein, is available on our website by going to www.mcfco.com and clicking on "Investor Relations."
SOURCE Merriman Curhan Ford
http://www.mcfco.com
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