The purpose of this Election Notice is to distribute to FINRA Small Firm members1 ballots to elect the five regional members of the Small Firm Advisory Board (SFAB). The SFAB provides guidance to FINRA staff, particularly regarding the potential impact of proposed regulatory initiatives on FINRA's Small Firm members.
Firms are urged to vote in this election. For a ballot to be considered valid, it must be signed by the executive representative of a member firm eligible to vote in the election. Firms that are Small Firm members of FINRA as of the close of business on December 13, 2007, are eligible to vote in this election.
Ballots must be returned no later than January 11, 2008, and the newly elected SFAB 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.
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