Richard Cortese

SALISBURY — Richard Cortese, 64, died July 1, 2014. He was the loving husband of Sherry Cortese.Richard was born in Brooklyn, N.Y., on Aug. 31, 1949, to the late Sylvia (Levy) and Philip Cortese. He was a lifetime New York Yankees fan and an avid reader and lover of history and nature. He was also a dedicated member of the St. John’s Episcopal Church vestry since 2013.Richard was the vice president of educational services at National Regulatory Services (NRS). He joined NRS in 1999. Prior to joining NRS, Richard was deputy commissioner in charge of the Securities Division of the Vermont Department of Banking Insurance and Securities. He was an active participant in the effort to revise the Vermont Securities Act and was instrumental in obtaining enactment of legislation to regulate investment advisers and strengthen Vermont’s securities enforcement powers. While serving as Vermont’s securities administrator, Rick was treasurer and an elected board member of the North American Securities Administrators Association (NASAA). He also chaired or co-chaired NASAA Working Groups that oversaw the implementation of model state laws to implement the National Securities Markets Improvement Act of 1996, the development of the Investment Adviser Registration Depository. He also served as chair of various NASAA committees, including the Investment Adviser/Financial Planner Committee. Richard was also on the board of trustees of the Vermont Teachers Retirement System and the Vermont Securities Institute. He was a member of the bar in Florida and a member of the Vermont bar. He served as an administrative law judge for the state of Florida. He was a frequent speaker and panelist on regulatory and compliance issues at industry conferences and continuing education seminars. He also wrote extensively on compliance topics for industry publications and was quoted in such publications as The New York Times, the Wall Street Journal, Money, Smart Money and others.In addition to his wife, Richard is survived by his niece, Georgette Ippoliti; and his loving dog Daisy, whom Richard adored. In addition to his parents, Richard was predeceased by his loving dog Benny. A memorial service was held on July 7. In place of flowers, memorial donations may be sent to The Little Guild, 285 Sharon-Goshen Road, West Cornwall, CT 06796. Arrangements are under the care of the Kenny Funeral Home in Sharon.

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