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 exists to ensure 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 is apprised of all major regulatory initiatives before they are brought before the FINRA Board. In addition to the SFAB, small firms are also represented through three reserve positions on the FINRA Board.
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:
Small Firm Advisory Board Members
Mark W. Cresap (Chair)
Patricia S. Bartholomew
Daniel W. Roberts
Joseph R.V. Romano (847) 866-7700 | David V. Shields
David M. Sobel
David W. Wiley, III
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Joel Blumenschein (Ex-Officio)
Kenneth Norensberg (Ex-Officio) |