Jon Yalmokas is Global Head of Prime Services at Cantor Fitzgerald. Most recently, he was the Americas Head of Prime Services at Bank of America Merrill Lynch (BAML). Prior to BAML, he was at UBS, Goldman Sachs, and Merrill Lynch. Yalmokas holds a B.A. from Boston College.He is a 2017 board member of the Managed Funds Association.
Cantor Fitzgerald Fined $2 Million Over Short Sales Violations: Finra also said Cantor repeatedly ignored “red flags,” including internal audit findings from its staff. “Cantor was aware of supervisory deficiencies but did not implement remedial measures until 2016. As a result, the firm did not close out more than 4,879 fails-to-deliver in a timely manner, while it accepted and executed short orders in those securities without first borrowing (or arranging to borrow).”