BestEx Research Group, a provider of high-performance algorithmic execution and measurement solutions for equities, futures, and foreign exchange trading, announced the appointment of Richard Chase as chief compliance officer of subsidiary BestEx Research Securities, effective immediately. He will report directly to CEO Hitesh Mittal.

Chase joins BestEx from RBC Capital Markets, where he was general counsel. Prior to RBC, he held senior legal and compliance roles at Wessels Arnold & Henderson, a privately held investment banking and institutional brokerage firm; financial institution U.S. Bancorp; investment banking firm Piper Jaffray (now Piper Sandler); and Lehman Brothers.

Chase also served as chief regulatory officer of two securities exchanges: the Philadelphia Stock Exchange and the American Stock Exchange. He started his career at the Securities and Exchange Commission, where after several promotions he served as associate director in the Division of Market Regulation.