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Top Minds: the true believer

Tammy Whitehouse | July 12, 2016

In the early 90s, long before compliance became a stand-alone profession, Alan Halfenger was a young law school graduate weighing whether he wanted to work for a district attorney’s office or get into a corporate setting. When an opportunity arose in investment banking, he took it.

Compliance wasn’t exactly his career objective at the outset, but it quickly became his path. “I stumbled into it,” he says. In those days, compliance functioned in something of a supervisory capacity, says Halfenger. He trained and pursued certifications required of broker-dealers to demonstrate his knowledge of the business.

Soon after, the Gramm-Leach-Bliley Act would break down the Great Depression-era barriers between commercial banking and investment banking, transforming the way financial institutions would do business. Halfenger went to work for Pricewaterhouse (before it was PwC) to help develop...

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