The Financial Industry Regulatory Authority Inc. has appointed Michael Solomon as its senior vice president of examinations, replacing Thomas Nelli, who retired in March.
Solomon most recently served as general counsel and chief compliance officer at Rockefeller Financial. Earlier, he spent seven years at Finra as a senior vice president, where he had responsibility for examination and surveillance programs in the Northeast and oversaw a staff of 350 people in Finra’s five offices in the region.
Prior to his tenure at Finra, Solomon had senior legal and compliance roles at Jefferies, UBS and Merrill Lynch. He was also a trial counsel in the enforcement unit of the New York Stock Exchange and began his legal career as an assistant district attorney in Manhattan.
In his new post, he will report to Greg Ruppert, Finra's executive vice president and head of member supervision.
Quarterly analysis of retirement accounts highlights positive behavior.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
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