ARTICLE
5 February 2018

FINRA Reorganizes Advisory Committees To Encourage Input

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
FINRA created two new advisory committees, reorganized certain existing committees, and informed members of opportunities to fill vacancies on various councils, boards and committees.
United States Corporate/Commercial Law

FINRA created two new advisory committees, reorganized certain existing committees, and >informed members of opportunities to fill vacancies on various councils, boards and committees. According to FINRA, the changes to its committees are being implemented as part of an effort to provide firms with better opportunities to provide input on key issues.

The two new committees are the Clearing Firm Advisory Committee and the Capital Acquisition and Placement Broker Committee. These committees are intended to provide input regarding issues facing small firms with customer accounts that are carried at clearing firms, as well as small firms engaged in capital-raising activities. FINRA will also make several changes to existing committees, including reorganizing the composition of the Membership Committee, disbanding the Independent Dealer / Insurance Affiliate Committee and Regulatory Advisory Committee (as their purposes are being assumed by the Membership Committee), and renaming the Compliance Advisory Committee and Small Firm Advisory Board as the Large Firm Advisory Committee and Small Firm Advisory Committee. FINRA is also proposing to reorganize District Committees into Regional Committees.

FINRA also introduced an online engagement portal for interested persons.

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