Paul Tolley

Paul has been chief compliance officer at Commonwealth since August 2006. He is responsible for establishing, administering, and enforcing Commonwealth’s broker/dealer and investment adviser supervisory and compliance policies and procedures. He is also responsible for the general management and leadership of the firm’s Compliance and Licensing staff. Paul has more than 25 years of compliance experience and a strong background in broker/dealer and investment adviser compliance best practices. Prior to joining Commonwealth, he was first vice president and chief compliance officer for National Planning Holdings of Santa Monica, California, where he oversaw compliance for the four independent broker/dealers within the NPH broker/dealer network. He has also held senior compliance positions at Cambridge Investment Research and LPL Financial Services. Paul previously served as chair of the Financial Services Institute’s Compliance Council and is a past member of FINRA’s Continuing Education and District 11 committees. He is a current member of FINRA’s Membership Committee and the National Society of Compliance Professionals. He earned his BS in business administration from Northeastern University and holds FINRA Series 4, 7, 24, 53, 63, and 65 securities registrations.