FINRA’s Executive VP for Regulatory Policy to Retire

Tom Selman’s last day at the regulator was January 31, 2020.

The Financial Industry Regulatory Authority (FINRA) announced this week that its Executive Vice President for Regulatory Policy and Legal Compliance Officer, Tom Selman, will be retiring after more than two decades with the organization.

Selman joined the regulator in 1996, and his last day was this Friday, the 31st of January, 2020. As the Executive VP for Regulatory Policy and Legal Compliance Officer, he oversees a range of programs such as Corporate Financing, Advertising Regulation, the Office of Financial Innovation, the Office of Disciplinary Affairs and the Criminal Prosecution Assistance Group.

Tom Selman’s impact at FINRA

According to the statement, during his tenure with the regulator, Selman modernized FINRA’s advertising regulation and corporate financing programs. He also pioneered the development of the Office of Financial Innovation.

Commenting on Selman’s retirement, Robert Cook, FINRA’s President and CEO, said in the statement: “On behalf of our entire executive leadership team, I thank Tom for his dedication and valuable contributions during his more than two-decade career at FINRA. 

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“Tom’s legal expertise and in-depth understanding of the regulatory environment have played a significant role in ensuring that FINRA brings an effective, efficient and innovative approach to advancing our mission of market integrity and investor protection. I wish him all the best in his retirement.”

In addition to his career at FINRA, Selman achieved a bachelor’s degree in economics and history from Rice University and a Doctor of Jurisprudence degree from The University of Texas School of Law. 

Speaking on his departure, Selman added: “I am grateful to have spent nearly 25 years with FINRA, and I am deeply honored to have had the opportunity to serve in a leadership role for an organization that so successfully protects public investors. I am proud of what my FINRA colleagues and I have accomplished over two decades of regulatory leadership.” 

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