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HomeWho Are the FINRA Board of Governors?
Posted by Larry Doyle on August 22nd, 2010 10:23 AM |
While the general financial media would seem not to understand nor care that Wall Street to a large extent is a self-regulated industry, many within the industry and around the country very much care. The Financial Industry Regulatory Authority (FINRA) is the financial industry’s self-regulatory organization.
At FINRA’s 2010 Annual Meeting held a week ago, FINRA’s member firms overwhelmingly voted for seven aggressive non-binding proxy proposals. These proposals were by and large targeted at bringing greater transparency and disclosure to FINRA’s operations. Will FINRA’s board of governors acquiesce and fully address these proposals? (more…)
What Is FINRA Hiding?
Posted by Larry Doyle on August 3rd, 2010 7:30 AM |
Time and again, Wall Street’s self-regulator FINRA has failed to provide real transparency into its inner workings and operations. Despite FINRA’s intransigence, the pursuit continues. Sense on Cents salutes Lt. Colonel Elton Johnson, Jr., President of Amerivet Securities, for persevering in this admirable effort to provide a window into FINRA.
Johnson appeals to FINRA’s members to compel the regulator to accede to requests for transparency at its upcoming 2010 Annual Meeting. Johnson’s requests have already been rebuffed by FINRA’s board. Why is the board unwilling to open FINRA’s books and records? Johnson’s requests are non-binding. (more…)
