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Curtis N. Sorrells is a Vice President of Broker/Dealer Regulatory Affairs at MGL Consulting Corporation where his responsibilities include: consulting with clients regarding the structure and documentation of their supervisory systems and procedures; conducting compliance examinations of broker/dealer operations, compliance and trading systems; consulting with clients on financing and structural issues; coordination with FINRA staff members in various Districts to review, negotiate and modify Clients' Membership Agreements; and expert witness and legal support services. Prior to joining MGL Consulting Corporation, Mr. Sorrells was a Field Supervisor with FINRA District 5 in New Orleans, Louisiana. As a Field Supervisor his responsibilities included conducting Conduct field examinations and audits of securities broker/dealers for compliance with securities laws and regulations. Mr. Sorrells conducted audits of financial capitalization, customer protection rule compliance, sales practice and underwriting activities, and evaluated Member Firms' supervisory systems and procedures. Further as a Field Supervisor, Mr. Sorrells analyzed business plans and capitalization needs; evaluated management control procedures, researched the registration status, disciplinary history, and supervisory experience of new firm's principals; and determined whether new applicants met the standards of FINRA membership. Mr. Sorrells reviewed and analyzed the yearly audited financial reports of member firms for content and compliance with SEC regulations, as well as monthly and quarterly financial reports of broker/dealers for compliance with regulatory capitalization levels.Prior to joining FINRA, Mr. Sorrells was Treasurer for a New Orleans church where his responsibilities included preparation of monthly income statements and balance sheets; maintained and balanced general and cash ledgers; monitored and managed cash flows; supervised collections; prepared payroll, sales, quarterly, and year end tax returns. Prior to his church position, Mr. Sorrells was self-employed as an Investment Analyst where he performed fundamental and technical analysis of the stock and bond markets. Mr. Sorrells analyzed international mutual funds for currency risk, country risk, and for capital gains distribution risk. He constructed a stock picking system that when back tested, doubled and tripled the returns of the S&P index for the 1994 test period. Mr. Sorrells identified a predictive indicator that has correctly forecasted most turning points in the price of gold. Developed options hedging strategy to provide portfolio insurance. Mr. Sorrells personally managed a $500,000 portfolio with investments in stocks, bonds, domestic and international mutual funds, and money-market funds. He recommended a municipal bond fund that achieved superior return during bond bear market and achieved profits of 12.6% for a 17 week trade (38.5% annualized) in the gold market through the use of self-identified predictive indicators. Managed options account that preserved 90% of its capital in 1987.In addition to his experience with FINRA and as an investment analyst/portfolio manager, Mr. Sorrells developed a successful retail store start-up known as New Orleans Crafts & Collectibles. As an entrepreneur, Mr. Sorrells developed a business / marketing plan and operational procedures for retail store specializing in custom craft and collectible merchandise. Negotiated bank financing, established line of credit and managed cash flow. Performed multiple responsibilities including; preparing income statements, payroll administration, balance sheets, cash receipts and disbursements, and accounts payable. Successfully negotiated the profitable sale of the business. Mr. Sorrells has been actively involved in the financial services and accounting fields for more than 23 years. Mr. Sorrells holds a Master of Business Administration from Southern Methodist University - Dallas, Texas and a Bachelor of Business Administration from Principia College, Elsah, Illinois. | 