FINRA Announces SFAC, Regional Committee and NAC Election Results and Appointments
FINRA recently held annual elections to fill vacancies on the Small Firm Advisory Committee (SFAC), the Regional Committees and the National Adjudicatory Council (NAC). Additionally, at its December meeting, the FINRA Board of Governors (FINRA Board) appointed several individuals to fill other vacancies on the SFAC and the NAC, and candidates for vacant Regional Committee seats were also appointed. This Notice lists the individuals recently elected and appointed to the SFAC, Regional Committees and NAC.
Questions concerning this Notice may be directed to Jennifer Piorko Mitchell, Vice President and Deputy Corporate Secretary, via email or at (202) 728-8949.
Small Firm Advisory Committee
FINRA’s small firms elected the following individuals as the Midwest Region and South Region Representatives on the SFAC:
The following individuals were also appointed to at-large seats on the SFAC:
The new SFAC members, other than Mr. Haxo, will serve three-year terms beginning on January 1, 2024. Mr. Haxo was appointed to complete a partial term that runs until December 31, 2025.
For FINRA’s Regional Committee elections, all districts, except the New York Region/District 10, had two seats up for election (the New York Region/District 10 had four vacancies). The individuals listed below were either appointed to seats for which no candidates opted to run or were elected. They will serve three-year terms on the Regional Committees beginning January 1, 2024. In addition, there were appointments for existing vacancies with shorter terms remaining, as specified below.
One vacancy remains for District 11 and FINRA is seeking an individual to fill this position. Qualified individuals interested in this seat should complete the indication of interest form on FINRA’s website or email the Office of the Corporate Secretary to be considered.
Seats that were uncontested or were filled by appointment are noted with an asterisk (*).
|West Region Committee
|Midwest Region Committee
|North Region Committee
|New York Region Committee
|New York Region
|South Region Committee
National Adjudicatory Council
The FINRA Nominating & Governance Committee (Nominating Committee) nominated candidates for several appointed and elected seats on the NAC. The following individuals were appointed by the Board to fill these seats and to serve four-year terms beginning January 1, 2024.
- Non-Industry Member - Pauline Scalvino, Retired
- At-large Industry Member - Karen O’Toole, Senior Vice President and Deputy General Counsel, Fidelity Investments
- Large Firm NAC Member - MaryBeth Findlay, head of compliance for the Commercial Banking Division, Wells Fargo Securities, LLC
- Large Firm NAC Member - Scott Kursman, Managing Director and Chief Compliance Officer, Citigroup Global Markets, Inc.
- Mid-Size Firm NAC Member - Kim Chapman, Chief Compliance Officer, Berthel, Fisher & Company Financial Services, Inc.
1 Because the Nominating Committee’s candidates for two large firm seats on the NAC were not contested, an election was not held for the Large Firm NAC Member seats and the candidates were appointed by the FINRA Board. The Nominating Committee’s Mid-Size Firm NAC Member nominee was contested and an election was held. Ms. Chapman won the election which concluded on December 15, 2023.