Greg Ruppert, currently executive vice president and leader of Finra’s National Cause and Financial Crimes Detection Program, will succeed Bari Havlik as head of the department of member supervision on Nov. 1.
Havlik is retiring and will remain an adviser to Ruppert to assist with the transition until the end of the year, the Financial Industry Regulatory Authority said in a release.
As the head of the department since 2018, Havlik created a single national examination and risk monitoring program designed to better align Finra’s regulatory resources and expertise with the risk profiles and complexities of its member firms.
Ruppert previously was a senior vice president and chief of the financial crimes risk management group at Charles Schwab. Earlier, he was a special agent with the FBI for 17 years, working on complex financial investigations, terrorist financing, terrorism and cyber threats.
The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.
The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.
Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.
With more than $13 billion in assets, American Portfolios Advisors closed last October.
Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.
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.
