Compliance Forum

Karen McMeekin is President of the Regulatory Division, responsible for leading the self-regulatory functions of the Montréal Exchange (MX). Karen brings to this role extensive experience, having held various positions at MX since 2001, including Director, Strategy and Regulatory Outreach; Director of Examinations, Regulatory Division; Business Development Manager, Equity Derivatives, and Head of Market Operations. Prior to joining MX, she began her 25-year career in the listed derivatives market as a futures broker on the Montréal trading floor for TD Securities and Richardson Greenshields. Karen holds a Bachelor of Arts degree in Economics from Concordia University and is a member of Women in Capital Markets.

Marc Komlossy is a Senior Market Analyst in the Montréal Exchange's Regulatory Division. His key responsibilities include overseeing the monitoring of the trading activities of the Exchange's Approved Participants and ensuring their compliance with Exchange rules, as well as working closely with other regulatory bodies trying to achieve the same objectives. Marc has been with the Montréal Exchange since 2016, occupying various roles within the Regulatory Division, and as Senior Equity Derivatives Advisor within the Financial Markets team of the Montreal Exchange. Prior to working at the Exchange, Marc worked for more than 18 years at TD Bank Direct Investing, starting out as an Investment Representative and moving on to roles in compliance, management and finally, training facilitation.

Rosanna Sciortino is a Senior Examiner at the Montréal Exchange's Regulatory Division. Her key responsibilities include conducting periodic examinations of the Approved Participants to ensure they continue to meet regulatory requirements. Rosanna positions herself as a trusted regulatory partner and prides herself in providing Approved Participants with helpful regulatory guidance. Rosanna has been with the Regulatory Division of the Montréal Exchange since 2017. Prior to joining the Division, Rosanna occupied various roles in financial markets and compliance, gaining extensive experience at several large Canadian financial institutions. Rosanna holds a degree in Commerce from the John Molson School of Business at Concordia University.

Vinesh Umanee is the Director, Regulatory Affairs with the Regulatory Division of the Montréal Exchange. Under his leadership this service is responsible for policy development initiatives, providing regulatory guidance to market participants and outreach initiatives to provide market participants with information and resources to meet compliance needs. With close to 20 years of experience acquired during his tenure in various roles with regulatory organizations overseeing securities and derivatives markets, as well as roles held in legal and compliance fields at brokerage firms/financial institutions, Vinesh brings a blend of know-how on rulemaking, policy considerations and for having an ear to the ground. Vinesh holds an LLB(Hons) from Northumbria University, Newcastle upon Tyne.

Nathalie Gallant is a Regulatory Consultant of the Regulatory Division at the Montreal Exchange. With over 35 years experience in the financial sector, from back-office operations in derivative instruments to regulatory market surveillance, she brings her subject matter and business analysis expertise to the Regulatory Division assisting its teams with investigations and regulatory review and analysis. Following her two-year expatriate experience in Kazakhstan as Director of Capital Markets at Astana Financial Services Authority (AFSA) from 2019 to 2021, she is now offering regulatory consultation services. Nathalie held managerial roles at NBCN’s back-office for derivatives in the late 90’s, was Supervisor of Market Surveillance of the Regulatory Division of the Montreal Exchange from 2002 to 2006, and was Director of Market Surveillance at the AMF from 2009 to 2016. She also held senior advisory roles at IIROC (now CIRO) prior to joining the Regulatory Division of the Montreal Exchange as a consultant.

Alexander Karabatsos is the Head of Technology and Innovation Strategy at the Regulatory Division of the Montréal Exchange. His team is responsible for the management and administration of the Trading Surveillance System as well as the Salesforce Participant Portal that is the main portal of communication between the Regulatory Division and Approved Participants. Alexander has 20 years of Capital Markets experience in trading, operations, regulation and risk management.

Charlotte Larose is the Chief Legal Officer of the Regulatory Division of the Montréal Exchange. In this capacity, she leads the Legal Affairs team, which supports the Division's services in their regulatory activities and ensures the enforcement of the rules through a disciplinary process. With 20 years of practice in Business Law, she specializes in financial markets regulation and has previously acted as legal counsel at the Autorité des marchés financiers (AMF) and the Montréal Exchange. She holds a Master of Laws (LL.M.) and a Bachelor of Laws (LL.B.) from the Université de Montréal.

John Cambareri is the Interim President & Director, Core Regulatory Functions Regulatory Division of the Montréal Exchange. He is responsible for ensuring the integrity and compliance functions of Canada's derivatives market. In his ongoing role as Director of Core Regulatory Functions, which he assumed after joining TMX Group in 2021, he oversees the Division's examinations, market analysis, and investigations services to ensure Approved Participants comply with all regulatory requirements.

Mr. Cambareri's career spans over 25 years, marked by progressively senior leadership roles across the banking, securities, and derivatives sectors. He previously served as Chief Compliance Officer for Canadian investment dealers, a U.S. broker dealer, and a futures commission merchant, where he developed extensive expertise in cross-border regulatory frameworks and risk management, acting as a key liaison with regulatory authorities. This experience is further enhanced by his work on the regulatory side, conducting examinations for the Investment Industry Regulatory Organization of Canada (IIROC), and serving as an external subject-matter expert consulting for financial services firms. His background also includes roles in wealth management and securities trading.

His regulatory expertise is supported by an LLM in Securities Law from York University's Osgoode Hall Law School and a B.A. in Economics from Concordia University. His professional designations include Certified Anti-Money Laundering Specialist (CAMS), Chief Compliance Officer (CCO), and multiple FINRA certifications. He actively contributes to industry standards as a member of the Autorité des marchés financiers (AMF) Advisory Committee on Digital Transformation (CCTN).

Sylvain Lambert is the Head of Investigations at the Regulatory Division of the Montréal Exchange. In this capacity, he supervises investigations related to the enforcement of the Rules of the Bourse. With 20 years of experience combining the fields of investigation and trading, he has notably served as an investigator at the Autorité des marchés financiers (AMF) as well as an options and futures contracts trader, thus developing a specialization in market manipulation. He holds the title of Fellow of the Canadian Securities Institute (FCSI) and possesses a Bachelor's degree in Administration, with a concentration in Finance, from the School of Management Sciences at the Université du Québec à Montréal.

Mark Likhten has served as Legal Counsel within the Regulatory Division of the Montréal Exchange since 2023. In this capacity, he handles enforcement cases, prosecuting violations of the Rules of the Montréal Exchange, and provides strategic legal guidance to the Division on a wide range of regulatory matters, particularly concerning Canadian derivatives market regulation. Mark holds a law degree from the Université de Montréal and brings a diverse professional background in business and technology law.