Richard Jaffe is leaving OTA Financial Group after two decades with the company. In 2000, he was named chief compliance officer and senior managing director of OTA, its two broker-dealers and its investment adviser.
As CCO of the group's broker-dealer in Purchase, N.Y., Jaffe oversaw compliance for OTA's business lines, institutional brokerage, and proprietary trading and market making. Additionally, as the CCO of OTA's asset management division, Jaffe supervised compliance for the organization's hedge fund investment advisers. "I like big challenges," says Jaffe. "After a very successful 20 years at OTA, I'm ready to start all over again."