Small Firms Elect Coordinated Capital Securities CEO Mari Buechner to Fill Vacant FINRA Board of Governors Seat
Washington, DC — Mari J. Buechner, president and CEO of Coordinated Capital Securities, Inc. (CCS) of Madison, WI, was elected today to a small firm seat on the Board of Governors of the Financial Industry Regulatory Authority (FINRA). She will serve out the term of Richard Goble, who resigned in July. That term will expire on July 30, 2010.
Ms. Buechner is a member of FINRA's Small Firm Advisory Board, a member of FINRA's Independent Dealer/Insurance Affiliate Committee and works on various FINRA member education programs. She is also a board member of the Financial Services Institute.
FINRA is overseen by a 23-person Board of Governors, with 11 seats held by Public Governors and 10 by Industry Governors. FINRA's CEO and Chairman comprise the remaining two seats. Large firms, consisting of 500 or more registered persons, and small firms, consisting of 150 registered persons or fewer, each have three seats on the Board. Medium-sized firms, with 151 to 499 registered persons, NYSE floor members, independent dealer/insurance affiliated firms and investment companies each have one seat.
FINRA, the Financial Industry Regulatory Authority, is the largest non-governmental regulator for all securities firms doing business in the United States. FINRA is dedicated to investor protection and market integrity through effective and efficient regulation. FINRA registers and educates industry participants, examines securities firms; writes and enforces rules and federal securities laws, educates the investing public and provides trade reporting and other industry utilities. FINRA also administers the largest dispute resolution forum for investors and registered firms. For more information, please visit our Web site at www.finra.org.