Robert Cook, CEO

Pay package 2019: $2.5M
Pay package 2018: $2.9M
Pay package 2017: $1.45M

Robert Colby, EVP and Chief Legal Officer

Pay package 2019: $1M
Pay package 2018: $1.1M
Pay package 2017: $1.2

Susan Schroeder, EVP, Enforcement

Pay package 2019: $880,000
Pay package 2018: $965,338
Pay package 2017: $838,297

Cameron Funkhouser, EVP, Office of Fraud Detection & Market Intelligence

Pay package 2019: $793,000
Pay package 2018: $819,837
Pay package 2017: $914,463

Todd Diganci, EVP, CFO

Pay package 2019: $1.3M
Pay package 2018: $1.3M
Pay package 2017: $1.4M

Steven Randich, EVP, CIO

Pay package 2019: $1.08M
Pay package 2018: $1.3M
Pay package 2017: $1.08M

Bari Havlik, EVP, Member Supervision/Exam Chief

Pay package 2019: $965,000
Pay package 2018 (half year): $547,649
Pay package 2017: N/A

Thomas Gira, EVP, Market Reg. and Transparency Services

Pay package 2019: $935,000
Pay package 2018: $923,680
Pay package 2017: $1M

Marcia Asquith, EVP, Board and External Relations and Corp. Secretary

Pay package 2019: $780,000
Pay package 2018: $900,048
Pay package 2017: $840,890

Michael Rufino, EVP, Head of Member Supervision—Sales Practice

Pay package 2019: $760,000
Pay package 2018: $858,639
Pay package 2017: $953,456

Advertisement

Salaries and other compensation for top executives at the Financial Industry Regulatory Authority continue to hit $1 million and up per year, according to the broker-dealer self-regulator’s 2018 annual financial report.

FINRA execs continue to significantly out-earn officials at the Securities and Exchange Commission, which unlike FINRA is a government agency. For instance, SEC Chairman Jay Clayton earns $176,900, while the SEC commissioners take home $166,500 annually.

The 2019 FINRA salaries in the 2018 annual financial report, released Thursday, represents the base annual salary at which the executives, as of June 25, 2019, are compensated, and does not represent 2019 year-to-date earnings.

The 2019 incentive compensation amounts represent the actual payment in March 2019 based on 2018 performance. Other amounts, including deferred compensation and other benefits, are not presented for 2019, as these accumulate over the course of the year and final amounts are not determined until year-end, FINRA explained.

FINRA CEO Robert Cook started at the self-regulator in 2016. In 2019, Cook contributed $150,000 of his 2018 incentive compensation (less estimated taxes payable by him) to the FINRA Investor Education Foundation.

After this contribution, Cook’s total salary and incentive compensation for 2019 is effectively $2.35 million.

Check out the gallery above to see the total salary and incentive compensation earned by top FINRA executives.

— Related on ThinkAdvisor: