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.
The financial advice industry has been facing inquiries into its cash sweep programs for years now.
Investor money allegedly went to strip clubs, exotic cars, and landscaping
Procyon adds $415 million in assets under management in New Jersey while Savant picks up a $213 million Southern California planning firm
With a growing number of real estate-rich Baby Boomers aging into retirement, some advisors may be failing to consider all the options available for those clients' assets.
Cornerstone Advisors study reveals compliance bottlenecks stall campaigns weeks after customer opportunities close.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains