Greg Ruppert, currently executive vice president and leader of Finra’s National Cause and Financial Crimes Detection Program, will succeed Bari Havlik as head of the department of member supervision on Nov. 1.
Havlik is retiring and will remain an adviser to Ruppert to assist with the transition until the end of the year, the Financial Industry Regulatory Authority said in a release.
As the head of the department since 2018, Havlik created a single national examination and risk monitoring program designed to better align Finra’s regulatory resources and expertise with the risk profiles and complexities of its member firms.
Ruppert previously was a senior vice president and chief of the financial crimes risk management group at Charles Schwab. Earlier, he was a special agent with the FBI for 17 years, working on complex financial investigations, terrorist financing, terrorism and cyber threats.
New chief executive Rich Steinmeier replaced Dan Arnold on October 1.
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A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
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