The Financial Services Institute said Wednesday that it has endorsed Brian Kovack, co-founder and president of Kovack Securities, to serve a second term as the midsize firm governor on the Financial Industry Regulatory Authority’s board.
FINRA’s election for the midsize seat as well as the small-firm seat is set for Aug. 28.
“We are very pleased to endorse Brian for the second time for this important position,” said Dale Brown, FSI’s president and CEO, in a statement. “Being the owner of an independent firm brings a unique perspective to the Board of Governors. Over the last three years, tapping into his experience of running a family-owned business, Brian has represented the industry well and helped FINRA move in the right direction. We strongly urge all eligible firms to vote for Brian for a second successful term.”
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Kovack said in the statement that he’s “grateful” for FSI’s endorsement, adding that he’s “also pleased and honored to have official support for my candidacy from FINRA’s Nominating & Governance Committee, which nominated me to run for another term this year.”