WASHINGTON—FINRA’s Board of Governors met on February 25-26. The agenda included electing a new Board Chair, as well as discussions on FINRA’s proposed Outside Business Activities rule, TRACE reporting timeframes, ongoing technology initiatives, and the proposed allocation of FINRA’s 2024 fine monies.
The FINRA Securities Helpline for Seniors is a toll-free number that senior investors can call to get assistance from FINRA or raise concerns about issues with brokerage accounts and investments.
The FINRA Board of Governors held its first meeting of the year last week, and I am pleased to share some updates from our discussions, including the election of a new Board Chair. Eric Noll is stepping down as Chair to pursue an opportunity that would conflict with his role as a Public Governor. To succeed him, the Board elected Scott A. Curtis, who has served as a Governor and Large Firm Representative since 2023.
B. Howell Griswold, Jr.Alex, Brown & Sons, Baltimore, MD1939Francis A. BonnerBlair, Bonner & Company, Chicago, IL1940Robert W. BairdThe Wisconsin Company, Milwaukee, WI1941H. H. DewarDewar, Robertson & Pancoast, San Antonio, TX1942Henry G. Riter, 3rdRiter & Co., New York, NY1943Ralph ChapmanFarwell, Chapman & Co., Chicago, IL1944Ralph E. PhillipsDean Witter
National Adjudicatory Council Committee Members
SEC Rule 606(a) requires broker-dealers that route equity and option orders on behalf of customers to prepare quarterly reports that disclose specific information about their order routing practices for non-directed orders in NMS stocks and NMS securities that are options contracts. The reports are published as PDFs and XML files for each calendar quarter. Data is collected from firms at the end
Public GovernorFormer Chair and CEO, Ontario Securities CommissionGovernor Since 2020Committees: Audit & Risk Committee, Executive Committee, Nominating & Governance Committee, Regulatory Oversight Committee, Regulatory Policy Committee (Chair)Professional ExperienceOntario Securities CommissionFormer Chair and Chief Executive Officer (2016 – 2020)
FINRA Registration Systems Foundation Virtual Training Schedule & How to Register
FINRA’s Maintaining Qualifications Program (MQP) allows eligible individuals to maintain their qualifications for up to five years by completing CE annually.
Public GovernorRetiredGovernor Since 2022Committees: Compensation & Human Capital Committee, Finance, Operations & Technology Committee, Regulatory Policy CommitteeProfessional ExperienceMAK Management Consulting (2016 – 2022)Morgan StanleyCo-CIO and Managing Director, Global Technology (2013 – 2016)Managing Director and CIO – Wealth and Investment Management (2010 – 2013)Managing
