InfoBytes Blog
FINRA Announces Head of Enforcement, Consolidates Enforcement Functions into Single Department
On July 26, the Financial Industry Regulatory Authority (FINRA) announced the promotion of Susan Schroeder to Executive Vice President and Head of Enforcement. Previously, Ms. Schroeder served as FINRA Senior Vice President and Deputy Chief of Enforcement, and she began serving as acting Head of Enforcement around the start of this year. Schroeder will report directly to CEO Robert Cook. FINRA also announced plans to consolidate its existing enforcement teams—“one handling disciplinary actions related to trading-based matters found through Market Regulation’s surveillance and examination programs, and the other handling cases referred from other regulatory oversight divisions including Member Regulation, Corporate Financing, the Office of Fraud Detection and Market Intelligence, and Advertising Regulation”—into a single unit led by Schroeder. This reorganization was prompted by FINRA360, the organization’s comprehensive self-evaluation and improvement examination.