# Jordan A Horvath Jordan A Horvath is the documented Chief Legal Officer, Chief Compliance Officer, FINRA Executive Representative, Assistant Secretary, and Vice President - Legal at Development Corporation for Israel (DCI). Horvath holds CRD #4928984 with an effective date of 08/2009 in his current senior compliance/legal role at DCI. Horvath is one of four DCI officers flagged with Control/Influence = Y on the Direct Owners filing (the others are Garawitz, Kruger, and Naveh). Horvath is documented at ASD-117 as the primary CRD contact for DCI as of the April 2026 Arkansas Securities Department production date. Per ASD-023 Direct Owners filing: > "HORVATH, JORDAN A | Individual | CHIEF LEGAL OFFICER/CHIEF COMPLIANCE OFFICER/FINRA EXECUTIVE REP./ASSISTANT SECRETARY/VICE PRESIDENT - LEGAL | 08/2009 | Less than 5% | Y | N | 4928984" > ASD-023_Direct-Owners-Executive-Officers-CRD-Redacted.pdf, page 2 The compounded title — six distinct roles held simultaneously — is operationally consistent with the structure of mid-sized single-issuer broker-dealers where senior compliance and legal functions are concentrated in a single officer. Horvath's role as FINRA Executive Representative is the statutory liaison position required of every FINRA member firm; FINRA Executive Representatives are the firm-level point of contact for FINRA examinations, supervisory communications, and disciplinary matters. The Chief Compliance Officer role is directly implicated in DCI's documented FINRA disclosure history at [[dci-finra-disclosure-events]]. The 1997-1998 NASD AWC required DCI to engage an independent consultant to redesign its supervisory system and written supervisory procedures; the long-term implementation of those supervisory enhancements is the structural responsibility of DCI's Chief Compliance Officer. Horvath's 08/2009 effective date is approximately 11 years after the 1998 NASD AWC; his tenure spans the period of post-AWC supervisory-system maintenance. The Chief Compliance Officer role is also implicated in the Arkansas Securities Act Section 3(e) principal-designation requirement documented at [[dci-1986-arkansas-suspension]]. DCI's current AR Section 3(e) designated principal is not specifically documented in the production, but Horvath's compounded CLO/CCO/FINRA Executive Rep title is operationally consistent with the principal-designation function for a non-AR-based broker-dealer. ## Relationship to the 2014 Garawitz control-affiliate disclosure Horvath's 08/2009 effective date predates the 07/10/2014 BD Amendment filing of Occurrence 1711997 (the non-public control-affiliate disclosure on Stuart Garawitz documented at [[dci-finra-disclosure-events]]) by approximately five years. As Chief Compliance Officer and FINRA Executive Representative, Horvath would have been the firm-level officer responsible for preparing and filing the 2014 BD Amendment disclosing Garawitz's control-affiliate status under Items 11D2 and 11D5 of Form BD. The production does not document Horvath's specific role in the 2014 filing but the structural position would typically place him in the responsibility chain. ## Cross-references [[development-corporation-for-israel]] DCI; primary employer [[stuart-garawitz]] [[erik-kruger]] [[dani-naveh]] other DCI officers with Control/Influence Y flag [[dci-finra-disclosure-events]] concept page on DCI's 4 FINRA Current Disclosure Summary occurrences [[dci-1986-arkansas-suspension]] concept page on the 1986 Section 3(e) principal-designation suspension and DCI's continuing principal-designation requirement [[securities-foia-r1-4-20-26]] source page