The Financial Industry Regulatory Authority (FINRA) announced Thursday that two new large-firm representatives have been elected to its Board of Governors, while a third new member has been appointed to its Independent Dealer/Insurance Affiliate seat.
NYSE Regulation’s Interim CEO, James F. Duffy, has assumed the seat held by Richard Ketchum before he became CEO of FINRA in March. Ketchum remains the Board’s Chairman.
Elected by FINRA-registered large firms were Seth Waugh, CEO of Deutsche Bank Americas and Chairman of Deutsche Bank Securities, Inc., and James D. Weddle, managing partner of Edward Jones. They replaced Robert McCann, formerly of Merrill Lynch, and Thomas Russo, formerly of Lehman Brothers, both of whom resigned their board seats in recent months.