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Small Firm Advisory Committee (SFAC)

The Small Firm Advisory Committee (SFAC) is an advisory committee established by the NASD Board of Governors in 1998. The SFAC ensures that issues of particular interest and concern to small firms are effectively communicated to and considered by the FINRA Board of Governors. The SFAC 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 SFAC 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 SFAC. In addition, all SFAC members are affiliated with firms employing no more than 150 registered representatives and are senior executives at their firm.

Small Firm Advisory Committee Members

Carlos Barrientos Serrano (Chair)
Invex, LLC
Coral Gables, FL
(305) 571 6820

Erin Baskett
Market Securities, LLC
New York, NY
(636) 675-3746

Trinity Lee
Heim, Young & Assoc.
Springfield, MO
(417) 882-7283

Nathan Lewis
Security Capital Brokerage
Atlanta, GA
(404) 230-8475

Christy Moccia
Clear Street LLC
New York, NY
(646) 845-2163

Janice Parise
Winterflood Securities US Corp.
New York, NY
(212) 751-4422

Jennifer Szaro
XML Securities, LLC
Falls Church, VA
(703) 827-2300

Joseph Terry
CCO Capital, LLC
Phoenix, AZ
(602) 224-4237

Michelle Thomas
WBB Securities, LLC
San Diego, CA
(858) 592-9901

Carrie Wisniewski
Bridge Capital Associates, Inc.
Lilburn, GA
(678) 640 2120

Wendy Lanton (Ex-Officio)
Herold & Lantern Investments, Inc.
Melville, NY

Linde Murphy (Ex-Officio)
M.E. Allison & Co., Inc.
San Antonio, TX

Paige W. Pierce (Ex-Officio)
Bley Investment Group, Inc.
Fort Worth, TX