Heading into what will certainly be a challenging year for small broker/dealers full of new regulations, the National Association of Independent Broker/Dealers (NAIBD) has recruited two industry veterans to its Board of Directors.
Tina Maloney, chairman and owner of Winslow, Evans & Crocker, Inc. based in Boston, Mass., and Carolyn May, co-CCO and advisory director for Simmons First Investment Group in Little Rock, Arkansas, have joined 11 other NAIBD Board members. Maloney has a variety of experience in management, sales, compliance and administration after working with both small and large firms since 1979. She is active in the broker/dealer community through various speaking engagements and association involvements, including serving as the elected North Region Representative on the FINRA Small Firm Advisory Board and involvement with other various FINRA committees over the past several years.
May has been a compliance consultant to broker/dealers, investment advisors, CPAs and attorneys for over 27 years. Prior to becoming a consultant, her experience included acting as chief compliance officer and chief financial officer for several regional and local small firms (both self-clearing and introducing). She currently serves as the Southern Regional Representative to FINRA’s Small Firm Advisory Board, has participated on various FINRA committees since 2005 and is an active participant in several other industry organizations.
Maloney and May join three other NAIBD members who recently ascended to the Board in 2011—Stephen Marsh, founder and president of the hosted email archiving and compliance vendor Smarsh, Inc., Billy Hopkins, II, President and CEO of Silver Oak Securities in Jackson, Tennessee and Howard Spindel, senior managing director of Integrated Management Solutions and owner of Trump Securities in New York. In 2011, NAIBD decided to expand the Board of Directors from nine to 13 to include a wider variety of broker/dealer, vendor and consultant perspectives.
The Board will continue to be led by current chairman, David M. Sobel, executive vice president, general counsel and CCO of Abel/Noser Corp. in New York City. “With the addition of these two industry veterans to our Board, we can re-energize our member base with fresh perspectives on the industry. We hope to fulfill our goals of truly providing a voice for small firms and shaping the reform agenda as much as possible in the months ahead,” said Sobel.