FINRA Names Former Fed CEO, Charles I. Plosser, to its Board of Governors
- Over his career, Mr. Plosser has worked as a senior consultant to several corporations in various sectors of the financial industry.
The Financial Industry Regulatory Authority (FINRA), the largest independent regulatory authority in the US, has appointed a new Public Governor to its Board of Governors, enlisting Charles I. Plosser, the former President of the Federal Reserve Bank of Philadelphia, according to a FINRA statement.
Mr. Plosser joins FINRA’s Board of Directors having most recently served as the President and Chief Executive Officer (CEO) of the Philadelphia Federal Reserve Bank for nearly nine years up until his retirement in 2015. In this capacity, Mr. Plosser helped navigate the branch through the biggest financial crisis and recession in the US of our generation. In addition, Mr. Plosser served as an integral component of the Federal Open Market Committee (FOMC) during his tenure.
Over his career, Mr. Plosser has worked as a senior consultant to several corporations in sectors such as strategic planning and forecasting, portfolio and pension fund management, capital budgeting, and financial analysis. He also served as a member of the New York State Board of Economic Advisors and on the board of directors of ViaHealth, Inc. and RGS Energy Group, Inc.
Charles I. Plosser
FINRA is currently overseen by its Board of Governors with twenty-four members. Thirteen of these roles are held by public governors and ten by industry governors, with FINRA's CEO holding the remaining seat. All FINRA governors are appointed or elected for three-year terms and may not serve more than two consecutive terms.
According to Richard Ketchum, FINRA's Chairman and Chief Executive Officer (CEO), in a recent statement on the board addition: "On behalf of the Board, I would like to extend a warm welcome to Charles. His valuable expertise and depth of experience will help guide FINRA forward in its mission to ensure the integrity of our markets and protect the investing public.”
FINRA made headlines earlier this year when it levied a fine against Goldman Sachs Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term & Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term, L.P., a subsidiary of the banking giant Goldman Sachs, for a sum of $1.8 million. The order stemmed from a systemic Order Audit Trail System (OATS) reporting violation at Goldman Sachs.
The Financial Industry Regulatory Authority (FINRA), the largest independent regulatory authority in the US, has appointed a new Public Governor to its Board of Governors, enlisting Charles I. Plosser, the former President of the Federal Reserve Bank of Philadelphia, according to a FINRA statement.
Mr. Plosser joins FINRA’s Board of Directors having most recently served as the President and Chief Executive Officer (CEO) of the Philadelphia Federal Reserve Bank for nearly nine years up until his retirement in 2015. In this capacity, Mr. Plosser helped navigate the branch through the biggest financial crisis and recession in the US of our generation. In addition, Mr. Plosser served as an integral component of the Federal Open Market Committee (FOMC) during his tenure.
Over his career, Mr. Plosser has worked as a senior consultant to several corporations in sectors such as strategic planning and forecasting, portfolio and pension fund management, capital budgeting, and financial analysis. He also served as a member of the New York State Board of Economic Advisors and on the board of directors of ViaHealth, Inc. and RGS Energy Group, Inc.
Charles I. Plosser
FINRA is currently overseen by its Board of Governors with twenty-four members. Thirteen of these roles are held by public governors and ten by industry governors, with FINRA's CEO holding the remaining seat. All FINRA governors are appointed or elected for three-year terms and may not serve more than two consecutive terms.
According to Richard Ketchum, FINRA's Chairman and Chief Executive Officer (CEO), in a recent statement on the board addition: "On behalf of the Board, I would like to extend a warm welcome to Charles. His valuable expertise and depth of experience will help guide FINRA forward in its mission to ensure the integrity of our markets and protect the investing public.”
FINRA made headlines earlier this year when it levied a fine against Goldman Sachs Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term & Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term, L.P., a subsidiary of the banking giant Goldman Sachs, for a sum of $1.8 million. The order stemmed from a systemic Order Audit Trail System (OATS) reporting violation at Goldman Sachs.