FINRA Board of Governors: A Look at the Oversight of the Securities Industry

The Financial Industry Regulatory Authority (FINRA) is a regulatory body that oversees the securities industry in the United States. FINRA's Board of Governors consists of 21 members, the majority of which are public-at-large representatives. The board includes three governors from large firms, one from medium-size firms, three from small firms, one floor member, one independent dealer/insurance affiliate and one investment company affiliate. Wendy Lanton Curtis is the president of Raymond James' Private Client Group and was elected as a Small Firm Governor in 2020. Eric Noll is the FINRA Board Chair and Robert Cook is the CEO. National Presidents serve a three-year term and may not serve more than two consecutive terms. Their mission is to protect investors and ensure market integrity by regulating broker-dealers.