Public GovernorRetiredGovernor Since 2023Committees: Audit & Risk Committee (Chair), Compensation & Human Capital Committee, Conflicts Committee, Executive CommitteeProfessional ExperienceOwner, Derrick A. Roman LLC (2021 – present)Partner, PricewaterhouseCoopers LLP (PwC) (1985 – 2020)Current Board Service and AffiliationsIndependent Director, CommScope HoldingsBoard Observer, G-
Industry Governor (Large Firm Representative)Chairman, and Former President and Chief Executive Officer, Janney Montgomery Scott LLCGovernor Since 2018Committees: Conflicts Committee, Executive Committee, Finance, Operations & Technology Committee (Chair), Investment Committee, Regulatory Oversight Committee, Regulatory Policy CommitteeProfessional ExperienceJanney Montgomery Scott
FINRA President and CEO Robert Cook and Vice President of Member Relations and Education Kayte Toczylowski are joined by member firm participants to provide an overview of the recently held Clearing and Introducing Firm Forum—the Forum that brought together member firms to discuss clearing and introducing-related challenges and potential solutions. Hear the topics that were covered and key
(a) CAT Industry Member Fees (1) Fee Assessments(A) Historical CAT Assessment 1.(i) Each CAT Executing Broker shall receive its first invoice for Historical CAT Assessment 1 in November 2024, which shall set forth the Historical CAT Assessment 1 fees calculated based on transactions in October 2024, and shall receive an invoice for Historical CAT Assessment 1 for each
FINRA announced today that it has sanctioned four firms—M1 Finance LLC, Open to the Public Investing, Inc., SoFi Securities LLC, and SogoTrade, Inc.—a combined $2.6 million, including over $1 million in restitution to retail customers enrolled in fully paid securities lending programs and fines of $1.6 million for the firms’ related supervisory and advertising violations.
Pursuant to FINRA Rule 6897, FINRA is making publicly available Audit Trail Reimbursement Billing (ATRBI) data. Please find below details for the current month and prior month billing cycles.
The 2021 Compliance Outreach Program for Municipal Advisors is a free webcast program designed to provide municipal advisors and other municipal market participants an opportunity to hear from SEC, MSRB and FINRA staff on timely regulatory and compliance matters. Topics of discussion include managing conflicts of interest disclosures; operational considerations for registered municipal advisors;
Proposed Rule Change to Update the FINRA Manual to Reflect FINRA’s New Subsidiary, FINRA CAT, LLC
Leveraged and Inverse funds play an important role in managing my clients aum. I use them to hedge in down markets like the one we are currently experiencing. I understand their role in an overall investment approach. I use these funds only under specific circumstances and only with high networth clients.
I need these alternatives in order to provide the most complete range of services to help my
Summary
The purpose of this Election Notice is to (1) notify members of an upcoming election to fill two large firm seats and one mid-size firm seat on the National Adjudicatory Council (NAC); (2) announce the FINRA Nominating & Governance Committee (Nominating Committee) nominees for these vacancies; and (3) describe the procedures to be included as an additional candidate on the ballot
