Cantor Fitzgerald Raises Funds for Charity in Annual 9-11 Event

An annual 9/11 Charity Day has been held for the past 16 years as a way of paying tribute to the two-thirds of the firm’s workforce who lost their lives. With approximately $12 million raised each year, the event involves all members of the Cantor Fitzgerald team contributing a day’s pay to charity. The $137 million that has been raised up to this point has been distributed to a number of local organizations that have limited ways to effectively raise funds.

A focus of the 2017 Cantor Fitzgerald efforts was on relief activities in the aftermath of Hurricanes Irma and Harvey, and turnout at the company’s trading floor included celebrities such as Steve Buscemi and Robert De Niro.

About the Author:

A New York City financial services professional, Kevin Colvin serves as director of global market sales and trading with Cantor Fitzgerald. In September 2017, Kevin Colvin’s firm was in the news as it paid tribute to the 658 employees it lost to the September 11 terrorist attacks, when the city’s Twin Towers were destroyed.

Surf Locales in Indonesia’s Mentawai Islands

Kevin Colvin surfing

Beyond Bali, Indonesia’s most consistent waves include the Mentawai Islands, which benefit from storms that arise in the southern Indian Ocean and hit the shore via prevailing southwest trade winds. From April to November, the swells that hit the region are unsurpassed, with Kandui Left standing out as one of the most explosive left-hand barrels region wide. Traveling with too much speed to paddle into, the largest waves must be approached through a backside tow-in and once in the pocket, there is no getting out. Also known as Rifles, Kandui Right offers straight smooth barrels that can be paddled into and escaped from when the action gets too intense.

When other waves are flat, Koroniki Right offers fast pulsing waves that do not reach massive heights but are accessible and fun. Another alternative is Nipussi, which is situated offshore in the north Mentawais and has reefs capable of creating barrels when swells are minimal.

About the Author:

Kevin Colvin is an established New York financial executive who engages with Cantor Fitzgerald as a director of global trading and market sales. Also an avid surfer, Kevin Colvin has traveled to coastal destinations ranging from Costa Rica to Indonesia.

Ace in the Hole Foundation Sponsors Fun Run and Walk

Ace in the Hole Foundation
Image: aceintheholefoundation.org

With more than a decade of experience working in finance, Kevin Colvin serves as the director of global market sales and trading for Cantor Fitzgerald in New York City. Active within the community, Kevin Colvin supports several nonprofit organizations including the Ace in the Hole Foundation.

Founded in 2008, the Ace in the Hole Foundation honors the sacrifice made by first lieutenant Michael LiCalzi of the U.S. Marine Corps. He died while serving the United States during Operation Iraqi Freedom in May 2006. The organization gives financial aid and assistance for scientific, educational, and charitable purposes. It has donated more than $600,000 to help Marines of the 2nd Tank Battalion, veterans, and others in need. The name of the group comes from 1st LT LiCalzi’s service with the 2nd Tank Battalion of the USMC, as the group’s slogan is “Ace in the Hole.”

Since it is a nonprofit organization, Ace in the Hole relies on fundraising events to support its mission. One of these events was its eighth annual beach run and walk, which took place on May 13, 2017, at Lido West Beach in New York. The fun run and walk started on the beach and continued for two miles.

FINRA’s Series 7 Exam

Series 7 Exam
Image: finra.org

A director in Cantor Fitzgerald’s Global Markets Sales and Trading division, Kevin Colvin provides coverage for a number of multibillion dollar accounts and prospects new accounts among other responsibilities. Moreover, Kevin Colvin holds Series 7, 63, and 79 certifications.

The Series 7 Exam or General Securities Representative Qualification Exam (GS), which the Financial Industry Regulatory Authority (FINRA) administers, determines candidates’ capacity to handle the responsibilities associated with the general securities representative position. These encompass the sales of government securities, municipal securities, variable annuities, investment company securities, corporate securities, options, and direct participation programs.

To pass the Series 7 exam, candidates must get a score of at least 72 percent. The exam comprises 250 scored questions and 10 pretest questions that are unscored, and candidates have two sessions (each one lasting three hours) to complete it. The Series 7 exam covers the different areas that are relevant to a general securities representative’s major job functions.