FINRA announced today that Derrick Roman, former partner of PricewaterhouseCoopers LLP (PwC), and Gus Sauter, current member of FINRA’s Investment Committee, have been appointed as public governors on its Board of Governors. In addition, Naureen Hassan, President of UBS Americas and CEO of UBS Holdings, has been appointed as an industry governor to the Floor Member Governor seat.
Public GovernorKPMG LLP, Former Managing DirectorGovernor Since 2021Committees: Finance, Operations & Technology Committee, Regulatory Oversight Committee, Regulatory Policy CommitteeProfessional ExperienceManaging Director, KPMG LLP (2014 – 2020)Deloitte & Touche Consulting Managing Director, Banking & Securities Regulatory Practice (2012 – 2014) Director, Governance,
Public GovernorManaging Partner, Siempre Holdings LLCGovernor Since 2022Committee: Compensation & Human Capital CommitteeProfessional ExperienceManaging Partner, Siempre Holdings (2001 – present)Managing Director, Yahoo! Inc. (1997 – 2001)Director, The British Broadcasting Corporation (BBC Worldwide) (1995 – 1997)Senior Operating Roles, Bertelsmann SE & Co. KGaA (BMG Entertainment
Industry Governor (Independent Dealer/Insurance Affiliate)Senior Vice President, General Counsel & Chief Risk OfficerCommonwealth Financial NetworkGovernor Since 2021Committee: Regulatory Oversight CommitteeProfessional ExperienceSenior Vice President, General Counsel & Chief Risk Officer, Commonwealth Financial Network (2021 – present)LPL Financial (2007 – 2021)Executive Vice
Public GovernorVice President and Chief Risk, Legal and Administrative officer, Multilateral Investment Guarantee Agency, World Bank GroupGovernor Since 2019Committees: Executive Committee, Regulatory Oversight Committee (Chair), Regulatory Policy CommitteeProfessional ExperienceVice President and Chief Risk, Legal and Administrative officer, Multilateral Investment Guarantee Agency, World Bank
OverviewWhen considering their obligations to provide all available breakpoint discounts on sales of Class A shares of front-end load mutual funds, member firms may review the following Breakpoint Checklist and Breakpoint Worksheet, which may help member firms evaluate their breakpoint compliance programs and confirm whether they are capturing all relevant categories of information to provide
This Guide summarizes some of the rules in the Rule 9100 and Rule 9200 Series of FINRA’s Code of Procedure (Code). FINRA’s Code, which the Securities and Exchange Commission has approved, contains the rules that govern the disciplinary process. Any person named as a Respondent in a FINRA disciplinary proceeding is entitled to request a hearing. The Code ensures that hearings are conducted in a
(a) Hearings will be held, unless:
(1) The arbitration is administered under Rule 13800(c), Rule 13801, or Rule 13807(e)(1);
(2) The parties agree otherwise in writing; or
(3) The arbitration has been settled, withdrawn or dismissed.
(b) The panel will decide the time and date of the hearing at the initial prehearing conference or otherwise in another manner.
(c) The Director will notify the
