The Financial Industry Regulatory Authority Inc. said Friday that its board of governors had elected current Finra public governor Eric Noll as its next chair.
Noll succeeds Eileen Murray, whose term concluded Friday at the annual meeting of Finra firms. The CEO of Context Capital Partners, Noll first joined the Finra board in August 2020, and has since served on a variety of its committees.
Prior to joining Bala Cynwyd, Pennsylvania-based Content Capital in 2019, Noll served as president and CEO of ConvergEx Group and as executive vice president of transaction services at Nasdaq OMX Inc.
Finra is overseen by a 21-member board of governors, the majority of whom are public members, meaning from outside the securities industry.
Finra also announced several other appointments to its board on Friday.
Linde Murphy was reelected for a second three-year term as a small-firm governor. She is president and chief compliance officer of M.E. Allison & Co. Inc. and first joined the board in 2019.
The Finra board also said it had recently appointed two new public governors: Moira Kilcoyne, founder of MAK Management Consulting, who began on July 1; and Fabiola Arredondo, founder and managing partner of Siempre Holdings, who will join the board at the start of next year.
Meanwhile, Camille Busette, senior fellow in governance studies at the Brookings Institution, and Ethiopis Tafara, vice president and chief risk, legal and administrative officer at the Multilateral Investment Guarantee Agency of the World Bank Group, were reappointed as public governors.
Choice anxiety, prestige bias, and the temptation to make selections based on outsourced confidence are just some of the parallels between investing and the world of wine tasting.
Regulators found Bank of America's monitoring software had a known flaw Merrill left uncorrected for years.
While AI has become a go-to research tool for affluent investors, new HSBC research suggests human advisors remain the deciding voice when investment decisions are made.
A 5-4 ruling preserves the Federal Reserve's independence for now, but the legal fight over presidential removal power is far from settled.
For years, large firms have been facing penalties and questions from regulators over interest rates for clients’ cash accounts.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
