FINRA's Board Put Trust In Richard Ketchum's Protecting Potential

Richard G. (Rick) Ketchum has been appointed FINRA's Chief Executive Officer. Ketchum currently serves as CEO of New York Stock Exchange (NYSE) Regulation and as Chairman of FINRA's Board of Governors, a position he has had since FINRA was created

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Richard G. (Rick) Ketchum has been appointed FINRA’s Chief Executive Officer.

Ketchum currently serves as CEO of New York Stock Exchange (NYSE) Regulation and as Chairman of FINRA’s Board of Governors, a position he has had since FINRA was created in 2007 through the consolidation of NASD and the member regulation, enforcement and arbitration operations of NYSE Regulation. He will continue in his role as FINRA’s Chairman.

Ketchum, who will start as FINRA’s CEO on 16 March, replaces Mary L. Schapiro, who resigned her position as FINRA’s CEO on 23 January after her confirmation as Chairman of the Securities and Exchange Commission (SEC). The Board also announced that Steve Luparello, currently FINRA’s Interim CEO, will become Vice Chairman and continue to oversee FINRA’s regulatory operations.

“I am honored by the Board’s decision to place its trust in me at this critical time,” says Ketchum. “Restoring confidence among investors in our financial markets and in our regulatory system has never been more urgent.”

“Protecting investors is FINRA’s singular mission. As head of FINRA, I will leverage our staff and expertise in the fight against fraud and manipulation in the marketplace,” continues Ketchum. “FINRA’s enforcement and examination divisions will have the tools and support required to track down and punish any broker, or any firm, who harms investors. We will not rest until investors once again feel confident placing their money in a marketplace they can trust.”

“I also want to thank Steve Luparello for his service as Interim CEO. His promotion to Vice Chairman is in recognition of the expertise he has long brought to FINRA and the critical role he will play going forward.”

L.D.

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