Jim McHale has joined LPL Financial as executive vice president and chief compliance officer, LPL announced.

In his new position, McHale will be responsible for designing and maintaining LPL’s regulatory compliance program, helping the business manage and mitigate risk, and enhancing the control environment.

McHale joins LPL from Wells Fargo, where he most recently served as executive vice president and head of compliance for the Wealth and Investment Management Division. He has held various legal and compliance roles over the course of his career, including as global head of brokerage compliance at E*TRADE Financial Corporation, managing director and associate general counsel at SIFMA, and serving on the staff of the SEC’s Division of Trading and Markets.