The Capitol in Washington, D.C. AP Photo/Pablo Martinez Monsivais

WASHINGTON (AP)—The Financial Industry Regulatory Authority, the securities industry’s self-policing organization, said late Monday that it elected three new governors at its annual meeting.

The new governors include Seth Waugh, CEO of Deutsche Bank Americas, who represents the organization’s large firms; W. Dennis Ferguson, executive vice president and director of Clearing, Sterne, Agee & Leach Inc., who represents midsized firms; and Kevin Carreno, general counsel for International Assets Advisory LLC, who represents small firms.

The three new governors begin their terms immediately. Governors are appointed or elected to three-year terms and may not serve more than two consecutive terms, the group said.

FINRA also recently re-appointed three other governors to the board, including two public members.

Mark Casady, chairman and CEO of LPL Financial, was re-appointed as the independent dealer and insurance affiliate representative, while Richard Pechter, a retiree, and Joel Seligman, president of the University of Rochester, were reappointed as the public members.

FINRA is overseen by a 22-person board of governors, with 11 seats held by public governors and 10 by industry governors. The group’s CEO has the remaining seat.