The Financial Industry Regulatory Authority said Tuesday that Stephen Cutler, executive vice president and vice chairman of JPMorgan Chase & Co., was elected as a large firm governor, and Stephen Kohn, president and CEO of Stephen A. Kohn & Associates Ltd., was elected as a small firm governor.
Cutler is one of three large firm representatives on FINRA’s board, while Kohn is one of three small firm reps.
Cutler has been a FINRA governor since November 2016, when he was appointed to fill an unexpired term.
In July, FINRA’s Nominating Committee nominated and the Board made a number of appointments that became effective at FINRA’s annual meeting, which took place Tuesday.
Governor Kathleen A. Murphy, president of Fidelity Personal Investing, was appointed to succeed Governor John J. Brennan as the investment company affiliate on the board.
Amy L. Webber, President of Cambridge Investment Research Inc., was appointed to succeed Murphy as the independent dealer/insurance affiliate governor.
Three public governors were appointed to second terms that began at FINRA’s Aug. 22 annual meeting:
- Susan Wolburgh Jenah, former president and CEO of the Investment Industry Regulatory Organization of Canada;
- Joshua S. Levine, Managing Director of Kita Capital Management; and
- Elisse B. Walter, former commissioner and chairwoman of the U.S. Securities and Exchange Commission.
Joseph M. Mecane, who is set to join Citadel Securities in September as the head of execution services, was appointed to a second term as floor member representative governor.
“This board reflects the breadth of talent and scope of experience in the brokerage industry, and both new and returning board members can provide invaluable vision and insights that advance FINRA’s mission,” said FINRA CEO Robert Cook, in a statement. “I look forward to working with the board to ensure that FINRA is well positioned to seize the opportunities ahead through innovation, efficiency and the highest standards of investor protection.”