COR Clearing Appoints Efren C. Cleofe III Chief Compliance Officer


May 2, 2018

COR Clearing Appoints Efren C. Cleofe III Chief Compliance Officer

Omaha, Neb. –COR Clearing LLC, a leading independent, full-service clearing firm serving U.S. middle-market brokerages, has selected Efren C. Cleofe III to serve as Chief Compliance Officer (CCO).

“We are excited to introduce Efren as Chief Compliance Officer at COR,” said Carlos P. Salas, COR Clearing CEO. “His depth of experience in the ever-changing regulatory environment is an asset as we continue to expand our offerings for our correspondents.”

Cleofe joins COR from HSBC Securities where he was the Director and Sr. Compliance Manager of Wealth Management and Investment Advisor Compliance. He also served in leadership roles at Bank of America Merrill Lynch, Goldman Sachs Execution & Clearing, L.P. and UBS.  Cleofe is a Certified Financial Crimes and Regulatory Compliance (CFCRC) from the University of Manchester in UK.

“Compliance is the backbone of our industry,” Cleofe said. “I have dedicated my career to being mindful of the regulatory environment and look forward to using that experience and knowledge to help COR continue to grow.”

COR Clearing provides clearing and settlement, as well as related technology, administrative and other services through multiple customized platforms to allow introducing firms to focus on growing their businesses.

About COR Clearing LLC

Headquartered in Omaha, Nebraska, COR Clearing is a full-service independent securities clearing firm servicing retail and online broker-dealers and registered investment advisers throughout the United States. COR Clearing is a registered broker-dealer in all 50 states and is regulated by FINRA, the SEC, and additional Self-Regulatory Organizations (SROs). COR Clearing is the wholly-owned subsidiary of COR Securities Holdings Inc.



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