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 an Examiner at the Montreal 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 Montreal Exchange since 2017. Prior to working at the Division, Rosanna occupied various roles in financial markets and compliance, working at BMO Nesbitt Burns and Laurentian Bank Securities. Rosanna has a degree in Commerce from the John Molson School of Business at Concordia University.

Annie Leblanc is the Legal Counsel, Enforcement of the Regulatory Division at the Montreal Exchange and has been in the financial industry for over 20 years. Prior to joining the Regulatory Division, Annie started her professional career as a defense attorney/partner at a renowned criminal law firm in Montreal. Thereafter, she moved on to the financial sector at the Autorité des Marchés Financiers (AMF) in various roles. In 2019, she was assigned to a special joint criminal investigation by the AMF, RCMP, Sûreté du Québec, SEC and FBI involving market manipulation. She later joined the RCMP as a manager to implement the new Civilian Criminal Investigator program within the Integrated Market Enforcement Teams (IMET). Annie’s been a guest speaker at several international conferences on topics relating to securities, fraud/enforcement and cryptocurrency. She was an active member of the AMF Fintech working group, the CSA Investment Fraud Task Force and a member of the IOSCO C4 Enforcement sub-working group. Annie has been a member of the Quebec Bar Association since 1999.

Vinesh Umanee is the Director, Strategy and Regulatory Outreach with the Regulatory Division of the Montreal Exchange. Under his leadership this service is responsible for rules amendments, interpretation and guidance, regulatory requests from 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.

John Cambareri is the Director, Core Regulatory Functions within the Regulatory Division. He is responsible for the examinations, market analysis, and investigations services; with a collective mandate of ensuring the compliance of Approved Participants with applicable Rules and Regulations, and to protect market integrity. His industry experience spans over 20 years, in the banking, securities, and derivatives sectors; and includes roles such as Chief Compliance Officer of Canadian investment dealers, a U.S. broker dealer and futures commission merchant, where he has developed an in-depth knowledge of the respective regulatory regimes and risk management practices. He has worked in the private sector with international private banking groups, as a consultant and subject matter expert within the financial services sector, with the investment industry regulatory organization, and in wealth management and securities trading.

Michael Librizzi is a seasoned finance and law professional, holding a Bachelor's degree in Finance from the University of Quebec at Montreal and a Master's degree in Law from York University, Osgoode Hall Law School. Beginning his career at the Canadian Investment Regulatory Organization (CIRO) in 2008, originally known as IIROC, Michael has demonstrated a remarkable trajectory within the organization. Currently serving as the Director of Trading in Montreal, he oversees Trading Conduct Compliance, Trades Reviews & Analysis, Cross-Assets Surveillance, and the Crypto Surveillance Montreal teams. Before joining CIRO, Michael had already gained over 10 years of experience in the securities field, having worked in various roles within the industry.

Etienne Ménard is Head of Product, Equity Derivatives at TMX Group where he leads initiatives in market structure innovation and new product development. He began his career 25 years ago in Europe and Asia as an equity option trader / portfolio manager. Once back home in Montreal, he became an equity derivatives institutional broker, meeting the global needs of domestic and international clients, including sales trading of listed and OTC derivative products as well as transition management. Etienne holds a Master of Science in Finance (MSc) from HEC Montréal.

Daniel Fontaine is the MX Core Trading Squad Lead at TMX Group, where he leads business design and implementation of all initiatives related to MX's trading engine. He began his career as a BAX pit trader almost 30 years ago, before moving on to trading equity and fixed income derivatives for his own account. In 2004, he took on a supervisory role in Market Operations before transitioning to the Core Trading Squad in 2018.