Finra said Monday that it appointed Bill St. Louis as head of enforcement, making him responsible for the agency’s 350 enforcement staffers in 11 offices across the United States.
St. Louis succeeds Christopher Kelly, the deputy head of enforcement, who had served as acting head of enforcement since February, when Jessica Hopper left the agency. As head of enforcement, he will report directly to Finra CEO Robert Cook.
St. Louis most recently served as head of Finra’s national cause and financial crimes detection program, known as NCFC.
“Bill’s broad and deep experience at Finra, including his previous senior roles in enforcement and member supervision, and his most recent position as head of the NCFC, will serve him well as head of enforcement,” Cook said in a statement.
Since joining Finra in 1998, St. Louis has held enforcement roles, including serving as regional chief counsel for the agency’s North region. He was director of Finra’s New York office from 2014 to 2019 and regional director of its Northeast region from 2019 to 2020.
“It is a privilege to lead such a talented and expert group of enforcement professionals who are dedicated to Finra’s mission of investor protection and market integrity,” St. Louis said in the statement. “I look forward to strengthening Finra’s regulatory operations, ensuring integrated oversight and increasing safety in the market as we advance our important work through the regulatory opportunities and challenges ahead.”
"QuantumRisk, by design, recognizes that these so-called “impossible” events actually happen, and it accounts for them in a way that advisors can see and plan for," Dr. Ron Piccinini told InvestmentNews.
Advisors who invest time and energy on vital projects for their practice could still be missing growth opportunities – unless they get serious about client-facing activities.
The policy research institution calculates thousands in tax cuts for Washington, Wyoming, and Massachusetts residents on average, with milder reductions for those dwelling in wealth hotspots.
Yieldstreet real estate funds turned out to be far riskier than some clients believed them to be, according to CNBC.
The race to 100 transactions ended a month early this year, with April standing out as the most active month on record for RIA dealmaking.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
