About Us

Since its inception CSG has been providing customized compliance solutions that not only meet the needs of its clients, but exceed the expectations of its clients.

Carol Shortall, CAMS, is the founder and Managing Member and Chief Financial Officer of Compliance Solutions Group, LLC.   Ms. Shortall has more than 20 years of industry experience. Prior to the formation of CSG, Ms.Shortall held several senior level positions in the industry ranging from Senior Compliance Examiner with FINRA, to CEO/CCO and/or FINOP of several broker-dealers.

Ms. Shortall  is actively involved in all services offered by CSG, including conducting AML Independent Testing, drafting written supervisory procedures, broker-dealer registrations, on-going compliance assistance, and customer service.

Ms. Shortall earned her Bachelors of Business Administration in Accounting and Management from the Wharton School at the University of Pennsylvania.  She holds the Series 7, 24, 28, 66, 79 FINRA qualifications and achieved the professional designation of Certified Anti-Money Laundering Specialist (CAMS) from the prestigious Association of Anti-Money Laundering Specialists (ACAMS®).

 

Ara Jabrayan, CAMS is the head of the Investment Adviser Department at Compliance Solutions Group, LLC.  Mr. Jabrayan is also the founder of RIA Compliance Group.  Mr. Jabrayan’s  responsibilities include conducting comprehensive audits for state and SEC registered investment advisers, investment adviser registrations, ongoing compliance assistance, the drafting of compliance procedures and advertising and marketing creation and reviews.

Prior to the formation of RIA Compliance Group, LLC, Mr. Jabrayan was a senior compliance consultant with National Compliance Services, Inc. (2004 to 2010), where he was responsible for the registration of over 150 new investment advisers and the drafting of over 200 compliance procedures manuals. Mr. Jabrayan has also conducted over 150 mock SEC and anti money laundering audits.  Prior to joining National Compliance Services, Mr. Jabrayan spent three years as a senior account executive at Harrington Financial and Energy Advisors (2001 to 2004), a commodities trading Firm based in Boca Raton, Florida.

Mr. Jabrayan holds a Certified Anti-Money Laundering Specialist (CAMS) designation obtained through the Association of Certified Anti-Money Laundering Specialists® (ACAMS®).  Mr. Jabrayan currently holds the FINRA Series 65, Uniform Investment Adviser Law License and has held the FINRA/NFA Series 3 commodities and futures contracts license.

 

John Lipenta, is the head of the Broker-Dealer Department at Compliance Solutions Group.  Prior to this, Mr. Lipenta, worked at FINRA (Financial Industry Regulatory Authority) for more than 15 years, most recently as Associate Principal Examiner, performing field examinations, financial surveillance, and reviewing matters for Cause.  Mr. Lipenta’s other industry experience was as Accountant with W.H.Newbold’s Son & Co., Inc. before and after the company’s merger with Hopper Soliday & Company.  Mr. Lipenta also held financial supervisory positions with Electronic Payment Services, Inc., U.S. Pipe and Foundry Company, and Owens-Corning Fiberglas Corp.

Mr. Lipenta earned his Bachelors of Business Administration in Accounting from Drexel University in Philadelphia, PA and an Associate of Science in Accounting from Peirce Jr. College (now Peirce College) in Philadelphia, PA,