The Financial Industry Regulatory Authority (FINRA), the largest independent regulator for all securities firms doing business in the United States, recently announced that Chairman and CEO Richard Ketchum has announced his plan to retire in the second half of 2016. The Board of Governors will conduct a search for his successor that will take into consideration internal and external candidates.
Ketchum has been one of the foremost industry regulators for more than three decades. He came to FINRA from the NYSE where he was CEO of NYSE Regulation. He also spent 12 years at NASD and The Nasdaq Stock Market, Inc., where he served as president of both organizations. Prior to that, he was the director of the SEC’s division of Market Regulation.