People Moves
FINRA Adds To Board Of Governors, Forms New Committee Focused On Investor Issues
The Financial Industry Regulatory Authority has named two new public Governors — Dr Brigitte Madrian and Dr Luis Viceira — to its Board of Governors.
The Financial Industry Regulatory Authority has added Dr Brigitte
Madrian and Dr Luis Viceira to its board
of governors, while creating a new committee to tackle investor
issues.
The committee will become
active in January 2014 and will advise senior staff at FINRA on
proposed
rulemaking, policy initiatives and other issues that impact
both
retail and institutional investors. It will also help inform
FINRA's
economic analysis from the perspective of investors, the
authority said.
Dr Madrian, the Aetna Professor of public policy and
corporate management at the Harvard Kennedy School,
and Dr Viceira, the George Bates Professor at the Harvard
Business
School, will join the board in January 2014.
Dr Madrian's current research focuses on behavioral
economics and household finance, with a focus on household
saving
and investment behavior.
Dr Viceira, FINRA said,
is interested in the study of asset allocation
strategies for long-term investors (both individuals and
institutions), capital markets (with an emphasis on the Treasury
bond market and the term
structure of interest rates), and household finance.
Other members on the new committee include: Brandon
Becker, executive vice president and chief legal officer,
TIAA-CREF; James
Choi, associate professor of finance, Yale School of Management;
Roger Ganser,
chairman, BetterInvesting; founder and managing director, Venture
Investors;
Lawrence Greenberg, chief legal officer, The Motley Fool;
Catherine Heron,
former senior vice president and senior counsel, Fund Business
Management
Group, Capital Research and Management Company; and Mark Ready,
department chair
for finance, investments and banking and
academic director of the Hawk Center for Applied Security
Analysis, University
of Wisconsin School of Business.
As well as: Barbara Roper, Director of Investor
Protection, Consumer Federation of America; Paul Roye, senior
vice president,
Fund Business Management Group, Capital Research and Management
Company; Nancy
Smith, corporate secretary and chief integration officer, AARP;
Elisse Walter,
former chairman, US Securities and Exchange Commission; and
Stephen Williams,
former senior special advisor to the director, trading and
markets, US
Securities and Exchange Commission.
