On September 4, the Financial Industry Regulatory Authority (FINRA) issued a notice informing small FINRA member firms of the upcoming Small Firm Advisory Committee (SFAC) election. One seat on the SFAC representing the New York region is open for election.
The SFAC provides guidance to FINRA staff, particularly regarding the potential impact of proposed regulatory initiatives on FINRA’s small firm members. Any senior member of a small firm whose primary place of business and whose firm has its main office in the New York region is eligible to have his or her name placed on the ballot. Senior members of firms include owners, chief executive officers, presidents, chief compliance officers, chief operating officers, the firm’s financial and operations principal or individuals of comparable status.
Interested individuals must complete the required SFAC candidate profile form and submit it through their firm’s executive representative to FINRA’s corporate secretary by Friday, October 4.
A copy of FINRA’s notice is available here.