Candidates for Finra board want greater focus on regulatory pain of small firms
Four nominees were announced Friday after qualifying for the ballot
Aug 22, 2016 @ 1:57 pm | By Mark Schoeff Jr. | Investment News
Four candidates for the small-firm seat on the board of governors of the Financial Industry Regulatory Authority Inc. want to make the broker-dealer regulator responsive to the compliance pain their sector is feeling.
The nominees — Mark Howells, CEO of M.S. Howells & Co.; Stephen Kohn, president and CEO of Stephen A. Kohn & Associates; Bob Muh, CEO of Sutter Securities Inc.; and incumbent board member Robert Keenan, CEO ofSt. Bernard Financial Services Inc. — were announced Friday after qualifying for the ballot.
There will be no election for the open large-firm seat. Mary Mack, president and head of Wells Fargo Advisors, had been nominated but “withdrew as a candidate after a change in job responsibilities,” Finra said in the election notice.
