FINRA Small Firm Advisory Board

The Small Firm Advisory Board (SFAB) is an advisory committee established by the NASD Board of Governors in 1998. The SFAB ensures that issues of particular interest and concern to small firms are effectively communicated to and considered by the FINRA Board of Governors. The SFAB reviews and comments on all new and amended FINRA rule proposals, and provides guidance to FINRA staff regarding the potential impact of proposed regulatory initiatives on FINRA's small firms.

The SFAB is comprised of 10 members, five at-large members appointed by FINRA's Board of Governors, and five members elected by the small firms - one member in each of the five FINRA regions. FINRA's three small firm representatives to the Board of Governors serve as ex-officio members of the SFAB. In addition, all SFAB members are affiliated with firms employing no more than 150 registered representatives and are senior executives at their firm.

 

See also:

• Communications from the SFAB
• Small Firms Information

 

Small Firm Advisory Board Members

 

Mark W. Cresap (Chair) Cresap, Inc. Radnor, PA (610) 341-1320   Patricia S. Bartholomew Craig-Hallum Capital Group LLC Minneapolis, MN (612) 334-6370 Eric A. Bederman Bernardi Securities, Inc. Chicago, IL (312) 281-2010 Christopher Charles Wulff, Hansen & Co. San Francisco, CA (415) 421-8900 Tina B. Maloney Winslow, Evans & Crocker, Inc. Boston, MA (617) 896-3531   Daniel W. Roberts Roberts & Ryan Investments, Inc. San Francisco, CA (415) 956-2000   Joseph R.V. Romano Romano Brothers & Co. Evanston, IL (847) 866-7700

David V. Shields Wellington Shields & Co. New York, NY (212) 320-3018   David M. Sobel Abel/Noser Corp. New York, NY (646) 432-4170   David W. Wiley, III Wiley Bros. – Aintree Capital, LLC Nashville, TN (615) 252-6200   _______________________ Jed E. Bandes (Ex-Officio) Mutual Trust Company of America Securities Clearwater, FL   Kenneth Norensberg (Ex-Officio) Four Points Capital Partners LLC New York, NY