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Regulation and Compliance > Federal Regulation > FINRA

FINRA Arbitrator Roster Becoming More Diverse

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What You Need to Know

  • Nearly half of FINRA workers are Gen Xers.
  • Of FINRA officers, 37% are women and 12% from minority groups.
  • Nearly 10% of FINRA's workers have disabilities.

The share of arbitrators who are women has increased by 6% since 2015, and the share who are Black rose by 4%, according to the Financial Industry Regulatory Authority’s just-released Diversity and Inclusion report.

As it stands now, FINRA reported that among its nearly 3,600 employees, diversity “is a driving force behind our ability to fulfill our mission.”

To meet the demands of an “ever-changing broker-dealer industry, FINRA must continue to be innovative in our approach to regulating broker-dealers and monitoring the markets,” the broker-dealer self-regulator said, including by expanding its recruiting efforts.

According to FINRA’s report, as of 2020, 57% of its workforce is male, while 43% is female. Meanwhile, 62% of FINRA workers are white, while 38% are minority, 1.3% are veterans and 9.9% have disabilities.

Of the officers at FINRA, 37% are women and 12% are from minority groups.

As to the generational mix of workers at FINRA:

  • 48% are from Generation X (1965 -1980);
  • 36% from Generation Y/millennials (1981 -1996);
  • 15% are baby boomers (1946 -1964); and
  • 1% hail from Generation Z (1997 and onward).