The Financial Industry Regulatory Authority said Thursday that it has made a series of changes to its advisory committees and added two new ones to focus on “specialized issues” involving clearing firms and capital acquisition brokers.
The self-regulator also published Thursday a Special Notice, dubbed its first annual Involvement Notice, which asks member broker-dealer firms to get involved in voicing feedback on FINRA’s programs — as part of FINRA CEO Robert Cook’s FINRA360 initiative — and details the process for filling vacancies on various FINRA ad hoc and advisory committees, the National Adjudicatory Council, District/Regional Committees and FINRA’s Board.
Also launched was an Engagement Portal for member firms, providing more information to those interested in serving on a committee.
According to a FINRA spokesman, prior to creating the portal, “interested prospective committee members reached out individually to a committee member they knew, or perhaps a committee liaison from FINRA. Obviously, some prospective members might not know anyone in those two categories. The portal gives all prospective committee members – including those who don’t ‘know someone,’ so to speak – a convenient way to express their interest.”
FINRA said the changes to the advisory committees builds on enhancements to FINRA’s committee structure announced in November.