FINRA Board of Governors

The FINRA Board of Governors, the governing body of the corporation, oversees management in the administration of FINRA’s affairs and the promotion of FINRA’s welfare, objectives and purposes.

Composition

FINRA’s Board comprises 22 industry and public members, with 10 seats designated for industry members, 11 seats designated for public members and one seat reserved for FINRA’s Chief Executive Officer. The public Governors must have no material business relationship with a broker-dealer or SRO. Industry Governors must be associated with member firms with a range of size and business models, and include elected representatives of member firms.

Seven of the industry governor seats—three small firm governors, one mid-size firm governor and three large firm governors—are designated for individuals associated with FINRA members that corresponds to each firm size. A small firm employs at least one and no more than 150 registered persons, a mid-size firm employs at least 151 and no more than 499 registered persons and a large firm employs 500 or more registered persons.

The remaining industry seats are reserved for one Floor Member Governor, one Independent Dealer/Insurance Affiliate Governor and one Investment Company Affiliate Governor.

Current Board Members

Eric Noll

Chairperson and Public Governor
Eric Noll  >
FusionIQ
Bala Cynwyd, PA

Robert W Cook

FINRA CEO
Robert W. Cook  >
FINRA
Washington, DC

 

Public Governors

Fabiola ArredondoFabiola Arredondo
Siempre Holdings LLC
Greenwich, CT

Deborah BaileyDeborah Bailey
Retired
San Francisco, CA

Camille BusetteCamille M. Busette
Brookings Institution
Washington, DC

Samir DeshpandeSamir M. Deshpande
Humana
Louisville, KY

Maureen JensenMaureen Jensen
Former Chair and CEO, Ontario Securities Commission
Thornbury, Ontario Canada

Moira A. KilcoyneMoira A. Kilcoyne
Retired
Warwick, NY

Derrick RomanDerrick Roman
Retired
Rochester Hills, MI

Gus SauterGus Sauter
BrandEmPower, Inc.
Malvern, PA

Eric SirriEric Sirri
Retired
Sherborn, MA

Ethiopis TafaraEthiopis Tafara
Multilateral Investment Guarantee Agency, World Bank Group
Washington, DC

Industry Governors

Cyrus Amir-MokriCyrus Amir-Mokri
J.P. Morgan
New York, NY

James T. CrowleyJames T. Crowley
Pershing Advisor Solutions LLC
Jersey City, NJ

Scott A. CurtisScott A. Curtis
Raymond James Financial
St. Petersburg, FL

Peggy HoPeggy Ho
Commonwealth Financial Network
Boston, MA

Wendy LantonWendy Lanton
Herold & Lantern Investments, Inc.
Melville, NY

Linde MurphyLinde Murphy
M.E. Allison & Co., Inc.
San Antonio, Texas

Penny PenningtonPenny Pennington
Edward Jones
St. Louis, MO

Eric SchimpfEric Schimpf
Merrill Wealth Management
New York, NY

Jennifer SzaroJennifer Szaro
XML Securities, LLC
Bethesda, MD

John VaccaroJohn Vaccaro
MML Investors Services
Springfield, MA

For standing committee membership click here.

Selection Process

The Board’s Nominating  & Governance Committee (Nominating Committee) has the authority to nominate candidates to run for election to fill seven seats on the Board designated by firm-size category—three small firm governors, one mid-size firm governor and three large firm governors. Individuals may also petition to become candidates for these seven elected governor seats. Candidates for these seats are elected by the firms eligible to vote for that category of governorship.

The remaining governors are appointed by the Board from candidates nominated by the Nominating Committee.

To be considered for nomination to a vacancy on FINRA’s Board please submit an indication of interest through FINRA’s online portal.

Terms

Governors are appointed or elected for three-year terms and may not serve more than two consecutive terms. If a governor is elected or appointed to fill a vacancy for a term of less than one year, the governor may serve up to two consecutive full terms after the expiration of the governor’s initial term.

Board Schedule

The FINRA Board of Governors holds a minimum of four meetings per year. The Board also holds special meetings as necessary.