Richard Patterson

Richard Patterson is a director in BRG’s Financial Institution Advisory practice based in Washington, DC. He advises regulators, broker-dealers, investment advisers, banks, and emerging companies on complex regulatory compliance and risk matters.

Mr. Patterson’s work focuses on designing and implementing compliance programs covering supervision, licensing and registration, conflicts of interest, information security, and data protection and privacy. He also advises clients on emerging regulatory and compliance issues involving digital assets, artificial intelligence (AI), and prediction markets. He advises financial institutions and other market participants on the application of existing regulatory frameworks to rapidly evolving products and technologies; and the governance, compliance, and risk management implications of regulatory change.

Mr. Patterson previously was a director at a major professional services firm, where he helped lead a capital markets practice and directed the group’s adoption of AI, including development of AI-enabled tools for internal and client deployment. Before that, he was a principal at Promontory Financial Group (IBM Consulting), where he assisted clients with securities compliance, supervisory, risk, and governance matters. Earlier in his career, he was a senior investigator in the Financial Industry Regulatory Authority’s (FINRA) Office of Fraud Detection and Market Intelligence and a clerk in the Connecticut Judicial Branch.