Longtime Finra exec stepping down

Luparello headed to law firm; sixteen years at the SRO
AUG 31, 2012
By  DJAMIESON
Finra vice chairman Stephen Luparello will be leaving the regulator in October to join the WilmerHale law firm in Washington, the regulator said today. Mr. Luparello, a 16-year veteran of the Financial Industry Regulatory Authority Inc., and its predecessor, the NASD, held the No. 2 spot at the organization, behind chief executive Richard Ketchum. He oversees Finra's regulatory operations, including enforcement, market regulation and member oversight. In 2009 Mr. Luparello served as Finra's interim chief executive officer after former chief Mary Schapiro left to head the Securities and Exchange Commission. Mr. Luparello's last day at Finra will be October 7. Finra spokeswoman Nancy Condon did not know whether the vice chairman position would be filled after Mr. Luparello departs.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound