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.

Small Firm Advisory Board Members

Joseph R.V. Romano (Chair)
Romano Brothers & Co.
Evanston, IL
(847) 866-7700
Victoria Bach-Fink
Wall Street Financial Group, Inc.
Fairport, NY
(585) 267-8000
Betsy B. Brennen
Harbor Investment Advisory, LLC
Baltimore, MD
(410) 659-8906
Myles Edwards
Shufro, Rose & Co., LLC
New York, NY
(646) 517-1184
John I. Fitzgerald
Leerink Partners, LLC
Boston, MA
(617) 918-4564
Karen Fischer
BG Strategic Advisors
West Palm Beach, FL
(561) 483-6335
Stephen Hart
Allen & Company LLC
New York, NY
(212) 339-2433
Christopher Melton
Coastal Securities Inc.
Houston, TX
(713) 435-4464
Dock David Treece
Treece Financial Services Corp.
Toledo, OH
(419) 843-7744
Hardeep Walia
Motif Investing
San Mateo, CA
(650) 251-4418
Mark Cresap (Ex-Officio)
Cresap, Inc.
Radnor, PA
Robert Keenan (Ex-Officio)
St. Bernard Financial Services
Russellville, AR