Ad Hoc Committees
FINRA departments also create specific subject-matter committees as needed to consult on various issues. The composition of the committees and their meeting frequency depends upon FINRA’s consultation needs related to the subject matter.
Current active ad hoc committees include the following:
Complaints Initiatives Committee (CIC)
Composed of representatives from approximately 23 firms that file much of the information collected pursuant to Rule 4530 (Reporting Requirements), especially information regarding written customer complaints required by Rule 4530(d). The CIC advises FINRA’s National Cause and Financial Crimes Detection Program regarding issues and trends relating to the rule’s requirement to report quarterly statistical and summary information regarding written customer complaints. FINRA staff consults with the CIC on changes to Rule 4530, related technology application issues and Regulatory Notices and frequently asked questions (FAQs) that are published regarding Rule 4530.
Committee Members:
Ashley Adkins
Cash App Investing LLC
Kathleen Alte
Prudential
Roger Alvarado
Bank of America/Merrill Lynch
John Baccus
UBS
Patrick Dogan
Edward Jones
Alexander Drexel
Raymond James
Jeanine Eaton
HSBC Securities (USA), Inc.
Alison Esbeck
Edward Jones
Terry Freeman
Wells Fargo
Kevin Gaylord
Charles Schwab
Jason Gibson
Lincoln Financial Group
Daniel Gillette
Merrill Lynch Pierce Fenner & Smith
Hilary Gitchell
Lincoln Financial Network
Justin Harmon
Edward Jones
Corinne Hawkins
LPL Financial
Brian Thomas Ikemeier
Edward Jones
Heather Johnson
Bank of America Merrill Lynch
Akearah Judge
E*TRADE from Morgan Stanley
Gary Klein
Fifth Third Bank
Elisabeth Kratka
Morgan Stanley
Debra Lucke
Ameriprise Financial LLC
Lisa Lynn
TIAA-CREF Individual & Institutional Services, LLC
Gregory Martin
TIAA
Matthew Mueller
Charles Schwab & Co., Inc.
Nicole Neumann
Charles Schwab/TD Ameritrade
Tracy Saale
Charles Schwab Corporation
Margaret (Meg) Sandridge
Wells Fargo
Charles Saul
Lincoln Financial Network
Tamra Scarborough
Wells Fargo
Serina Shores
The Huntington Investment Company
Marc Simoneau
Fidelity Brokerage Services LLC
William (Alan) Smith
Janney Montgomery Scott LLC
Kevin Spence
TIAA
Stefanie Stannard
UBS
Theresa Steele
Wells Fargo
Jeremy Stone
Cash App Investing
Gregory Thompson
JPMorgan Securities LLC
Gregory Toohey
Ameriprise Financial
Michelle Wolf
Prudential
Katherine (Katie) Zeitler
Huntington Investment Company
FINRA Staff Liaisons:
Han Nguyen
Tina Tambiah
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