U.S. Congressman Scott Garrett Featured at Alaric Compliance Services Event
|U.S. Congressman Scott Garrett (R-NJ) with Guy F. Talarico, Founder
and CEO Alaric Compliance Services, LLC
NEW YORK, May 27, 2009: Alaric Compliance Services and Financial Tracking Technologies hosted a town hall meeting at the Penn Club in New York City on May 27, featuring Congressman Scott Garrett (R-NJ). Congressman Garrett is the Ranking Member of the Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises for the House Financial Services Committee, which has jurisdiction over the SEC, Fannie Mae and Freddie Mac.
Guy F. Talarico, founder and CEO of Alaric, said: “Congressman Garrett gave our attendees a unique insider’s view of the complex issues the Subcommittee is addressing. Their agenda extends through June, with hearings, forums and discussions. He described it as a thorough, cohesive, bi-partisan approach to enacting meaningful, comprehensive regulatory reform. They clearly want to avoid pushing through tactical reforms in a piecemeal way.”
The issues under consideration by the Subcommittee include: 1) the possibility of hedge fund registration as well as the enactment of additional rules relating to transparency; 2) the authority of the Federal Reserve and its role in monetary policy; 3) the privatization of Fannie Mae and Freddie Mac; 4) capital requirements for banks; 5) the need for greater market discipline among all players; and 6) derivatives clearing houses and related competition and mark-to-market issues.
Alaric Compliance Services, LLC (www.alariccompliance.com) has become the leading provider of independent compliance solutions since its formation in 2004. Alaric offers a comprehensive suite of services, including outsourced Chief Compliance Officers, independent compliance consultations and examinations, and compliance oversight and monitoring, including for derivatives. From its New York and Chicago offices, Alaric serves a diverse group of clients, with assets under compliance supervision of over $45 billion.
Director of Marketing
Alaric Compliance Services, LLC