Election Notice - 10/10/08

Election Notice - 10/10/08

The purpose of this Notice is to inform FINRA small firm members1 of the upcoming Small Firm Advisory Board (SFAB) election. Two seats on the SFAB are up for election, the Midwest Region seat and the South Region seat.

The SFAB provides guidance to FINRA staff, particularly regarding the potential impact of proposed regulatory initiatives on FINRA's small firm members, and meets in Washington, DC, prior to each FINRA Board of Governors meeting. SFAB members are expected to attend SFAB meetings in person, and may be requested to attend certain Regional and District Committee meetings and other FINRA meetings and functions. Potential candidates should ensure that their other commitments will allow for their in-person attendance at all SFAB meetings.

Any eligible candidate wishing to have his/her name added to the ballot must submit the relevant information via the candidate profile form attached to this Notice to the Corporate Secretary of FINRA no later than Friday, November 7, 2008.

On or about Friday, November 21, 2008, FINRA will mail the official Election Notice and ballots to the Executive Representatives of small firm members in the Midwest and South Regions to elect the two regional members of the SFAB. Voting will conclude in December 2008 and new members will take office in January 2009.

Questions regarding this Election Notice may be directed to:

  • Marcia E. Asquith, Senior Vice President and Corporate Secretary FINRA, at (202) 728-8949; or
  • T. Grant Callery, Executive Vice President and General Counsel FINRA, at (202) 728-8285.

1 A small firm is defined as a member that employs at least one and no more than 150 registered persons. See Article I (ww) of the FINRA By-Laws.