Richard L. Craven

(775) 354-1522 in Reno (917) 670-3241 in New York City

PROFESSIONAL EXPERIENCE

Richard L. Craven Photography

Gramercy Stock Images, New York, NY & Reno, NV

Professional Photographer & Photography Services / Stock Image Library - Owner

Provides professional photography and post production services to retail, commercial and editorial clients. Richard L. Craven Photography specializes in portraiture, social and media events, editorial, photojournalism assignments, commercial photography and fine art prints. Works with digital, film, medium format and 35mm, chemical darkroom methods, digital post production. Fully equipped Photoshop CS, Illustrator, Quark XPress and Dreamweaver lab. Gramercy Stock Images catalogs and licenses stock images from photographers for buyers in specialized media outlets.

R.L. CRAVEN & Company, New York, NY

Fixed Income Marketing, Development, Institutional Sales & Research

Specialized consultant services to broker-dealers and law firm clients for fixed income securities, equities, private placements, restricted stock, Regulation D transactions, executive/employee stock services, trading and risk management, litigation support, expert testimony, forensic transaction analysis, securities analysis and research.

Mellon Securities, LLC, New York, NY

Institutional Fixed Income Sales & Trading

Traded high-grade corporate, US Government Agency, Municipals, Treasuries to middle market institutional accounts. Clients included corporations, fund companies, RIAs, hedge funds, banks, city, county and state treasury and special purpose accounts.

Institutional Fixed Income Risk Manager

Responsible for monitoring all fixed income trading desk activity and position limits. $1 billion inventory. Managed and developed high grade corporate bond sales & trading risk systems on a very active trading desk. Employed extensive use of Microsoft Access and Excel to design and install a fixed income price variance system, a limits violation application, a dealer compliance analysis and reporting system, an aged inventory review, verification of trader marks, new account database and input screens for trade support, search tools and captured trade statistics for highly detailed management reporting. Created forms for all dealer and institutional account business. Used Bloomberg and TSAPI tools for importation of data for daily risk analysis, VAR, value of .01, stress testing, and ad hoc reporting. Provided hands-on training of desk and support personnel in use of select applications. Authored a firm-wide, daily commentary to senior management detailing trading desk performance by book, debt sector, product, P&L analysis, limits test results, trade count breakdowns, discussion of exceptions discovered and a corporate bond market conditions overview. An active liaison to legal, compliance, operations, global risk and the CFO.

R.L. CRAVEN & Company, New York, NY

Securities Litigation Support & Forensic Analyst Consultant & Principal

Compliance, operational, legal support and forensic analysis to broker-dealers and law firms.
Specialized in credit and transaction research & analysis, restricted securities, structured products, fixed income securities, derivative options, product & portfolio analysis and Rule 144 lending.
All regulatory reporting to and from the SEC, NYSE, NASD and class action research.
Clients included UBS, PaineWebber, GE Capital, Kidder, Peabody and Allen & Company.
Seven-year relationship with GE Capital. Provided business analysis and expert testimony.

Kidder, Peabody & Company, New York, NY

Senior Vice President – Manager - Retail Credit & Risk Assessment, Credit, Options, Prime Broker, and ESOP & PREMIUM Accounts. Investment Services Lending Committee, Liaison to National Sales Division

Responsible for credit approval for extraordinary customer transactions or loan requests of size or in excess of the regular firm authorized approval limits.
Provided full service review, approval and monitoring of Control, Restricted and Shelf Registered securities for purposes of sale and as loan collateral.
Designed a real-time mainframe application for computing requirements for Rule 144 shares based upon volume formulas, constraints and security liquidity.
Published a firm-wide, quarterly report assessing collateral risk, concentrations, liquidity, volatility, rating changes and various comparative analyses.
Evaluation of new products and services for the firm's New Product Committee.
Established a Prime Broker facility.
Developed an option margin requirement software program for investment executives.
Initiated a comprehensive redesign of Kidder's Credit mainframe system in real-time.
Prepared regular presentations to firm's New Products Committee.
Member of the Investment Lending Committee.
Responsible for sixty Credit, Options and Risk analysts, including six direct reports to ensure strict adherence to all applicable broker-dealer requirements.
Prepared and filed weekly and month-ending 15C3-1 and 15C3-3 regulatory reports.
Managed the Option desk handling clearance and reconciliation with sales desk.
SEC, Federal Reserve, NYSE and NASD audit and review procedures. Comprehensive knowledge of regulatory rulemaking and interpretation.
Developed and implemented Kidder's ACATS system in 1986.
Loan losses during October 1987 crash were lowest of all major firms.
Responsible for termination of all customer accounts, regulatory obligations, receivables, collections, class actions and business unit closures.

EDUCATION

Baylor University, Waco, Texas

Accounting

Fullerton College, Fullerton, California

Accounting

New York University, New York, New York

NYU Financial Markets and Security Analysis

General Electric Co. – Crotonville Management Program, Croton-on-Hudson, New York

AMERICAN EXPRESS - Management Program – NEW YORK, NEW YORK

Registrations & Licenses

I hold NASD Series 7, 24, 55, 63, & 65 registrations. I am a Registered Investment Advisor in Nevada.

TECHNICAL & OTHER SKILLS

My firm Ausable Research, Incorporated developed statistical equity data models for institutional customers and designed day trading instruction courses. Additionally, I have extensive working knowledge of Bloomberg, TSAPI, NASDAQ Trading systems, NASDAQ Level II, Townsend RealTick, LexusNexus, Microsoft Excel, Access and Oracle databases, PowerPoint, Photoshop, Illustrator, PageMaker, Macromedia Freehand, Windows XP, QuickBooks, ACT, Goldmine, Internet design tools: Dreamweaver, NetObjects Fusion, other web authoring software and communications applications. Utilized VBA in script and macro designs within Access and Excel applications. I am proficient in C, C++, Pascal, TAS-Flexsoft and Tradestation scripting languages for technical security analytics and the MiniTab statistics platform. I have completed the Financial Markets Certificate program at New York University, and management training conferences at General Electric Company's Crotonville, New York campus.

PUBLISHED MATERIAL

Guides to “Short Sales and Restricted Transactions and Strategies for the Retail Broker”. Developed “Option Strategies Margin Calculation” software in C++. “Statistical Performance of Equity Markets – 1993-‘94”. “The Manhattan Walkers Bible” – 2003.

Richard L. Craven - 2005