Ad Hoc Committees
FINRA departments also create specific subject-matter committees as needed to consult on various issues. Approximately 55 individuals participate on these committees that serve as important advisory bodies within FINRA’s regulatory framework.
Current active ad hoc committees include the following:
FinTech Industry Committee
Composed of 15 members drawn from member firms, academia, and industry participants, in addition to one Securities and Exchange Commission (SEC) observer and one North American Securities Administrators Association (NASAA) observer. The committee provides FINRA, member firms and others with a platform for ongoing dialogue and analysis of FinTech developments, including with respect to their potential impact on FINRA’s investor protection and market integrity objectives; challenges to the adoption of FinTech-based products or services; opportunities to improve interactions between firms and FINRA to support innovation that is consistent with FINRA’s investor protection and market integrity objectives; and possible FINRA FinTech initiatives.
Committee Members:
Jo Ann S. Barefoot
Alliance for Innovative Regulation
Richard Berner
NYU Stern School of Business
Megan Brewer
Morgan Stanley
Maria Gotsch
Partnership Fund for New York City
Joshua Hershman
UBS
Kim Johns
Goldman Sachs
Richard Johnson
Texture Capital
Kabir Kumar
Flourish Ventures
Andrew McCormick
eToro
Lucas Moskowitz
Robinhood
Neha Narula
MIT Media Lab
Melissa Netram
Block
Jason Rives
Figure Securities
Lagan Srivastava
Galaxy Digital
Mona Vernon
Fidelity Investments
Kevin Werbach
Wharton School of Business, University of Pennsylvania
Patrick Whyte
Charles Schwab & Co.
Observers:
Jillian Lazar
North American Securities Administrators Association (NASAA) FinTech Committee
Valerie A. Szczepanik
U.S. Securities and Exchange Commission (SEC)
FINRA Staff Liaisons:
Robert Chao
Alex Khachaturian
Haimera Workie
Licensing and Registration Council (LRC)
Composed of 10 industry members, five NASAA members and two SEC observers. The committee advises FINRA’s Credentialing, Registration, Education and Disclosure (CRED) Department regarding industry trends, best practices, and challenges relating to the licensing and registration of financial services firms and their associated persons. The LRC provides a forum for the open discussion of issues relating to Web CRD® and the Investment Adviser Registration Depository (IARDTM), and provides recommendations for enhancements of those systems. The Committee also provides feedback on CRED’s operations, industry offerings, and strategic plan.
Committee Members:
Eileen Arcuri
Magnit/Charles Schwab & Co., Inc.
Heather Emmert
JPMorgan Securities, LLC
April Gaskin
Commonwealth Financial Network
Richard Gowan
Edward Jones
Craig Harrison
Benjamin F. Edwards
Eugene McGivney
Morgan Stanley
Vicki Schmelzer
Franklin Distributors, LLC
Regina Sims
M Holdings Securities, Inc.
Kevin Ward
Vanguard Marketing Corporation
Terry Donlan Welker
Lombard Securities Incorporated
FINRA Staff Liaison:
Bill Swanstrom
Public Communications Committee
The Public Communications Committee is composed of member firm representatives. The committee advises FINRA on matters regarding proposed changes, interpretive guidance and the implementation of FINRA rules governing member communications with the public, including communications concerning registered investment companies and variable insurance products, and informs the FINRA staff on matters concerning emerging communications technologies and practices.
Committee Members:
Surabhi Ahmad
Ameriprise Financial
Stephen Bard
Wells Fargo Clearing Services
Kenneth D. Cieprisz
Franklin Templeton
Nathaniel Ganousis
Edward Jones
Cameron Hellewell
Orchard Securities, LLC
Darrian Hopkins
TIAA
Ted Newton
MassMutual
Julie Richmond
Fidelity Investments
Nicholas P. Salas
BCI Securities, Inc. & Latin Securities, Inc.
Danielle Nicholson Smith
T. Rowe Price
FINRA Staff Liaison:
Ira Gluck
Rule 4210 Committee
Composed of representatives from member firms and representatives from the SEC, Board of Governors of the Federal Reserve System, Cboe and Options Clearing Corporation. The Committee advises FINRA’s Office of Financial & Operational Risk Policy with respect to the industry’s margin and credit practices. FINRA’s staff consults with the Committee regarding issues and changes relating to Rule 4210 (Margin Requirements), the rule’s interpretations and other related margin regulations including Regulation T.
Committee Members:
James Adams
CBOE Global Markets, Inc.
John Aurre
Goldman Sachs
Ronald Baakkonen
Charles Schwab
Chris DeCarlo
UBS Financial Services Inc.
Pasquale DiGennaro
Pershing LLC
William Eineke
Options Clearing Corporation
Kevin Fitzgerald
JP Morgan
Camile Grande
Oppenheimer & Co., Inc.
Walter Koller
Robinhood
Michael Macchiaroli
US Securities and Exchange Commission
Joseph Pergola
Citigroup
Richard Primavera
Jefferies, LLC
Jeffrey Puente
Morgan Stanley
Chris Radler
National Financial Services, LLC
Daniel Sieracki
CBOE
Benjamin Snodgrass
Board of Governors of the Federal Reserve System
Trevor Vernier
Apex Fintech Solutions
FINRA Staff Liaison:
James Barry