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FINRA Hires New Exam Chief From Schwab

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The Financial Industry Regulatory Authority said Wednesday that Bari Havlik, who most recently served as senior vice president and chief compliance officer for Charles Schwab, has been named the self-regulator’s new executive vice president for member supervision, replacing Susan Axelrod.

FINRA exam chief Bari Havlik.

Havlik, who starts at FINRA on April 30, will lead the Member Regulation program, which includes surveillance and examination programs of FINRA’s broker-dealer member firms.

Axelrod is leaving FINRA after a 28-year career at the broker-dealer self-regulator to become Chief Supervisory Officer for Merrill Lynch Wealth Management.

Havlik will report directly to FINRA CEO Robert Cook.

“FINRA’s mission of investor protection and market integrity depends on the effective, efficient supervision of our members, rooted in an expertise about their activities, challenges and risks,” Cook said in a statement.

“We are delighted that Bari is joining FINRA to bring her exceptional talents and deep experience to bear on that essential work. Under her leadership and our ongoing work under FINRA360, I am confident that FINRA will continue to enhance our supervisory programs to keep investors safe and promote vibrant capital markets.”

Havik added in the statement that FINRA “plays an integral role in protecting investors and safeguarding the strength of the U.S. capital markets.”

She added that she’s had “the privilege of working with many people at FINRA over the years, and I am excited to join this extraordinary team, to advance the goals of FINRA360, and to help ensure FINRA’s programs for supervising member firms and protecting investors keep pace with an ever-changing market environment.”

Havlik began her career in financial services in 1982 and has worked for discount brokerage, full-service retail, and institutional securities firms, as well as bank-affiliated broker-dealers.

Havlik was on the board of the National Society of Compliance Professionals from October 2009 through March 2011, and was also active in several industry advisory committees for FINRA and the Municipal Securities Rulemaking Board, including as a member of the FINRA Membership Committee.

She received her undergraduate degree from DePaul University.

— Check out FINRA’s Susan Axelrod Heads to Merrill on ThinkAdvisor.