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 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.


See also:


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


Karen Fischer

BG Strategic Advisors
West Palm Beach, FL
(561) 483-6335


John I. Fitzgerald
Leerink Partners, LLC
Boston, MA
(617) 918-4564


Stephen Hart
Robotti & Company
New York, NY
(212) 986-4800


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


Kevin A. Carreno (Ex-Officio)
International Assets Advisory, LLC
Orlando, FL

Mark Cresap (Ex-Officio)
Cresap, Inc.
Radnor, PA

Robert Keenan (Ex-Officio)
St. Bernard Financial Services
Russellville, AR



Last Updated: 10/15/2014