The term "security" or "securities" shall have the meaning given those terms in the Securities Exchange Act of 1934, as amended, and the General Rules and Regulations thereunder.
Amended:
March 14, 1977.
Amended by SR-FINRA-2019-009 eff. May 8, 2019.
(a) The term "member," when used to denote a natural person approved by the Exchange, means a natural person associated with a member organization who has been approved by the Exchange and designated by such member organization to effect transactions on the floor of the Exchange or any facility thereof.
(b)
(i) The term "member organization" means a registered broker or
The term "the Exchange," when used with reference to the administration of any rule, means the New York Stock Exchange LLC or the officer, employee, person, entity or committee to whom appropriate authority to administer such rule has been delegated by the Exchange.
Unless otherwise indicated in the rule, the terms Board, Board of Directors, Chairman, Chairman of the Board, Chief
The Temporary Dual FINRA-NYSE Member Rule Series (formerly Incorporated NYSE Rules and Incorporated NYSE Rule Interpretations) will apply solely to those members of FINRA that are also members of NYSE on or after July 30, 2007 ("Dual Members"). The Temporary Dual FINRA-NYSE Member Rule Series will apply to the same categories of persons to which they apply as of July 30, 2007.
Public Governor
Retired
Governor Since 2015
Committees: Finance, Operations & Technology Committee, Investment Committee, Nominating & Governance Committee, Regulatory Oversight Committee, Regulatory Policy Committee
Professional Experience
Visiting Fellow, The Hoover Institution, Stanford University (2016 – present)
President and CEO, Federal Reserve Bank of
Industry Governor (Investment Company Affiliate)
President of Personal Investing, Fidelity Investments
Governor Since 2015
Committees: Executive Committee, Nominating & Governance Committee (Chair), Regulatory Policy Committee
Professional Experience
President of Personal Investing, Fidelity Investments (2009 – present)
CEO, Various Positions, ING U.S. Wealth Management (
Industry Governor (Mid-size Firm Representative)
Co-Founder and President, Kovack Securities
Governor Since 2015
Committees: Nominating & Governance Committee, Regulatory Policy Committee
Professional Experience
Co-Founder and President, Kovack Securities (1997 – present)
FINRA District 7 Committee Member (2012 – 2014)
FINRA Regulatory Advisory Committee Member
Number
Date
Title
2022-85
May 20, 2022
SEC Charges Wells Fargo Advisors with Anti-Money Laundering Related Violations
SEC Order
2022-83
May 16, 2022
SEC Obtains Emergency Relief to Halt Pre-IPO Stock Fraud Scheme by Unregistered Broker-Dealer
SEC Complaint
2022-1
January 5, 2022
SEC Charges Additional Defendant in Phony
FINRA is a not-for-profit, self-regulatory organization (SRO) dedicated to promoting investor protection and market integrity in a manner that facilitates vibrant capital markets. One of FINRA’s tools for achieving this objective is fair and effective enforcement of our member firms’ compliance with securities laws and regulations.
FINRA’s highest priority when it identifies misconduct is to
