The Financial Industry Regulatory Authority (FINRA) has undergone some pretty significant changes to its leadership team in recent months, portending new enforcement priorities and new initiatives for the group in 2017.
FINRA’s Board of Governors last year appointed Robert Cook as president and chief executive officer, and John Brennan as chairman, following the retirement of Richard Ketchum, who served as chairman and CEO since 2009. Then, in February 2017, Bradley Bennett stepped down after six years as FINRA’s chief of enforcement to return to private practice. Until FINRA appoints a new enforcement chief, Bennett’s position is being filled by Deputy Head of Enforcement Susan Schroeder.
What changes will result from a new chief of enforcement remains to be seen. In... To get the full story, subscribe now.