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Regulation and Compliance > State Regulation

Johnson New Chief Compliance Officer at Woodbury Financial Services

By staff Writer

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Woodbury Financial Services is pleased to announce that Albert Johnson has joined the award-winning broker/dealer as chief compliance officer of broker/dealer services. He will report to Mark Sides, Woodbury’s chief legal officer. In this role, Johnson, 52, will oversee the firm’s supervisory and compliance systems, including:

? Self-evaluation testing to detect and address weaknesses;

? Adjusting compliance systems to reflect changes in legal requirements;

? Assessing evolving compliance and regulatory risks.

As the CCO of broker/dealer services, Johnson also serves as the Money Laundering Reporting Officer and works with the legal department in regulatory liaison with FINRA, the SEC and state-level regulators.

“Al brings over 25 years of industry experience to Woodbury,” said Patrick McEvoy, Woodbury’s president and CEO. “His vast knowledge of securities law will enhance our already top-notch compliance organization. I would like to welcome Al to the Woodbury family and thank Mark Eide, chief compliance officer of investment advisory services, who has stepped up his duties to cover broker/dealer services in the interim.”

Prior to joining Woodbury, Johnson most recently served as chief compliance officer of Financial Network Investment Corp. Before that, he was chief supervisory officer of Nationwide Securities, Inc.

He holds the FINRA series 7, 24, 63 and 65 designations. From 2000 through 2008, he was a member of the FINRA qualification committee for Series 6 and 26 examinations. He holds numerous U.S. Treasury Awards and NASD Qualification Committee awards, and has been recognized by the Indiana Department of Financial Institutions.

Oakville, Minn.-based Woodbury Financial Services, Inc., is a broker/dealer with more than 1,700 independent representatives nationwide and 200 home office employees. Woodbury is a subsidiary of The Hartford Financial Services Group, Inc.

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