The Science Exists. The Law Must Follow.
Raymond Michael Mullaney is a 49-year veteran of the investment industry who has dedicated his career to the development and validation of quantitative methods for measuring investment risk. He previously founded an NASD member broker-dealer and an SEC-registered investment advisory firm, and went on to found Equity Risk Sciences, Inc. His experience across every dimension of the industry — from broker-dealer operations to advisory compliance to quantitative research — led him to the conviction that the science to protect investors exists, but the legal framework to require its use does not. The Fiduciary Mandate is his answer to that gap.