Longtime Finra exec stepping down

Luparello headed to law firm; sixteen years at the SRO
AUG 31, 2012
Finra vice chairman Stephen Luparello will be leaving the regulator in October to join the WilmerHale law firm in Washington, the regulator said today. Mr. Luparello, a 16-year veteran of the Financial Industry Regulatory Authority Inc., and its predecessor, the NASD, held the No. 2 spot at the organization, behind chief executive Richard Ketchum. He oversees Finra's regulatory operations, including enforcement, market regulation and member oversight. In 2009 Mr. Luparello served as Finra's interim chief executive officer after former chief Mary Schapiro left to head the Securities and Exchange Commission. Mr. Luparello's last day at Finra will be October 7. Finra spokeswoman Nancy Condon did not know whether the vice chairman position would be filled after Mr. Luparello departs.

Latest News

Practifi rolls out AI CRM amid RIA tech arms race
Practifi rolls out AI CRM amid RIA tech arms race

Sentir joins a wave of AI-native launches as RIA firms seek a competitive edge from CRMs and artificial intelligence use.

april adds IRS tax data to platform as more RIAs seek a tax service edge
april adds IRS tax data to platform as more RIAs seek a tax service edge

Advisors gain a direct line to client tax transcripts as new data shows tax services increasingly separate top-performing firms from the pack.

Student debt drives parents toward 529 plans, Fidelity finds
Student debt drives parents toward 529 plans, Fidelity finds

New Fidelity data links parents' own loan burden to record 529 savings and delayed retirement planning.

Middle-class Americans are falling short on retirement, new report finds
Middle-class Americans are falling short on retirement, new report finds

Transamerica survey of 7,600 Americans reveals debt, inflation, and caregiving demands are derailing retirement security.

Advisor moves: Severn Wealth Management joins Cetera after departing Commonwealth
Advisor moves: Severn Wealth Management joins Cetera after departing Commonwealth

Annapolis-based firm moves its $160 million practice from Commonwealth to Cetera's Summit Financial Networks channel.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

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