Wendy Lanton and Jim Nagengast have been elected to represent small firms and large firms, respectively, on the board of the Financial Industry Regulatory Authority Inc.
Lanton is chief operations and compliance officer at Lantern Investments Inc., of Melville, New York. She will serve a three-year term as a small firm governor.
Large firms reelected Nagengast, who is chief executive of Securities America Financial Corp. and president of Securities America Inc. He has served on the Finra board since 2018, when he was elected by large firms via a special election to fill a large firm governor vacancy.
Finra is overseen by a 24-member board of governors, the majority of whom are public members. The industry governors include three from large firms, one from midsize firms and three from small firms, as well as one floor member, one independent dealer/insurance affiliate and one investment company affiliate. Finra governors are appointed or elected to their terms and may not serve more than two consecutive terms.
Executives from LPL Financial, Cresset Partners hired for key roles.
Geopolitical tension has been managed well by the markets.
December cut is still a possiblity.
Canada, China among nations to react to president-elect's comments.
For several years, Leech allegedly favored some clients in trade allocations, at the cost of others, amounting to $600 million, according to the Department of Justice.
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