FINRA Veteran Michael Rufino to Leave the US Regulator after 32 Years

Financial Industry Regulatory Authority (FINRA) recently announced that veteran Michael Rufino, the Executive Vice President of the regulator, will leave the organisation at the end of this year.

Rufino has been with FINRA for more than thirty-two years. He most recently served as Head of Member Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term (Sales Practice). In this capacity, he was responsible for the guidance and oversight of FINRA’s Sales Practice Examination, Risk Monitoring and Membership Application Programs in 14 District offices.

Commenting on the change, FINRA President and CEO, Robert W. Cook said in the statement: “Mike has long been one of FINRA’s hardest-working leaders, a tireless advocate for our mission and an energetic and generous supporter of his colleagues.

“Mike dedicated himself to fighting the most significant threats to investors for over three decades. We are deeply grateful to him for his many contributions over his extraordinary career at FINRA. We will miss his passion and willingness to support the organization whenever and wherever needed, and we wish him well as he enters the next phase of his life and career.”

Michael Rufino to Leave FINRA at the End of 2020

FINRA is an independent and non-government agency that writes and enforces the rules governing registered brokers and broker-dealer firms in the United States.

According to the regulator’s statement published on Monday, Rufino played a key role in enhancing FINRA’s examination program, which improves the authority’s ability to conduct market oversight.

During more than three decades of working with FINRA, Rufino collaborated with a number of organisations. This saw him serve as FINRA’s representative as a securities regulator on the Financial Crimes Enforcement Network’s (FinCEN) Bank Secrecy Act Advisory Group.

“It has been my honor and a privilege to work side by side with such dedicated colleagues for over thirty years as a regulator,” Rufino added in the statement.

“Protecting investors has been a driving force behind my entire career, and I know FINRA will continue to pursue its mission with dedication and expertise. I want to thank all of my past and present colleagues both inside and outside of FINRA for their support and guidance over the years. I’d also like to especially thank my wife and family for their tireless support and the sacrifices they made to allow me to fulfill such an important role in protecting investors.”