Election Notice - November 1, 2007

FINRA Small Firm Advisory Board Election

Executive Summary

The purpose of this Notice is to inform FINRA Small Firm members1 of the upcoming Small Firm Advisory Board (SFAB) election. The SFAB provides guidance to FINRA staff, particularly regarding the potential impact of proposed regulatory initiatives on FINRA's Small Firm members, and meets in Washington, DC, prior to each FINRA Board of Governors meeting. SFAB members are expected to attend SFAB meetings in person, as well as Regional and District Committee meetings and other FINRA meetings and functions. Potential candidates should ensure that their other commitments will allow for their in-person attendance at these events on a regular basis.

Five seats on the SFAB are up for election. Any eligible candidate wishing to have their name added to the ballot must submit the relevant information via the candidate profile form attached to this Notice to the Corporate Secretary of FINRA no later than Friday, November 30, 2007.

On or about Friday, December 14, 2007, FINRA will mail the official Election Notice and ballots to the Executive Representatives of Small Firm members to elect the five regional members of the SFAB. Voting will conclude in January 2008 and new members will take office in April 2008.

 

1 A Small Firm is defined as a member that employs at least one and no more than 150 registered persons. See Article I (ww) of the FINRA By-Laws.