Wendy Lanton and Jim Nagengast have been elected to represent small firms and large firms, respectively, on the board of the Financial Industry Regulatory Authority Inc.
Lanton is chief operations and compliance officer at Lantern Investments Inc., of Melville, New York. She will serve a three-year term as a small firm governor.
Large firms reelected Nagengast, who is chief executive of Securities America Financial Corp. and president of Securities America Inc. He has served on the Finra board since 2018, when he was elected by large firms via a special election to fill a large firm governor vacancy.
Finra is overseen by a 24-member board of governors, the majority of whom are public members. The industry governors include three from large firms, one from midsize firms and three from small firms, as well as one floor member, one independent dealer/insurance affiliate and one investment company affiliate. Finra governors are appointed or elected to their terms and may not serve more than two consecutive terms.
The Reddit trading community's formal comment letter against the proposal is drawing widespread attention across finance and tech circles.
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Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.
UBS has a history of costly litigation stemming from the sale of volatile investment products.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
