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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

Rick Dahl
Sorrento Pacific Financial LLC
San Diego, CA
(858) 805-7900

Robert Hamman
First Asset Financial, Inc.
Salina, KS
(785) 825-5050

Earle Hollister
St. Germain Securities, Inc.
Springfield, MA
(413) 733-5111

Wendy Lanton
Lantern Investments
Melville, NY
(631) 454-2000

Stephen Mack
Mack Investment Securities
Northfield, IL
(847) 657-6600

Shawn McLaughlin
McLaughlin Ryder Investments, Inc.
Alexandria, VA
(703) 684-9222

Gil Mogavero
JMP Securities LLC
San Francisco, CA
(415) 835-8919

Linde Murphy (Ex-Officio)
M.E. Allison & Co., Inc.
San Antonio, TX
(210) 581-0439

John Parmigiani
Allied Millennial Partners, LLC
New York, NY
(646) 532-2583

Jennifer Szaro (Chair)
Lara, May & Associates, LLC
Falls Church, VA
(703) 827-2300

Stephen Kohn (Ex-Officio)
Stephen A. Kohn & Associates, LTD.
Lakewood, CO

Robert Muh (Ex-Officio)
Sutter Securities, Inc.
San Francisco, CA

Paige W. Pierce (Ex-Officio)
Larimer Capital Corporation
Denver, CO