Stephanie Dumont Has Been Promoted as FINRA’s New Executive Vice President

Dumont will report to the President and CEO, Robert W. Cook and become a member of FINRA’s Management Committee.

The Financial Industry Regulatory Authority (FINRA) announced on Tuesday that it has promoted Stephanie Dumont to Executive Vice President. She will also be the Head of Market Regulation and Transparency Services, effective immediately.

In a press release shared with Finance Magnates, Stephanie Dumont, a FINRA veteran, has been elevated by FINRA, a private American watchdog, to the rank of Executive Vice President and Head of Market Regulation and Transparency Services. She will report to the President and CEO, Robert W. Cook and become a member of FINRA’s Management Committee.

In the new role, Dumont’s department will work closely with the SEC and the exchanges. The department will conduct extensive oversight of the securities markets to protect investors and preserve market integrity. While the US watchdog is responsible for the entire OTC market. In fact, its cross-market program covers 100% of US equity market activity and is roughly 45% of options contract volume.

Dumont’s Vocational Experience

Dumont’s experience has been mainly with FINRA for a period of more than twenty-two years. In the spring of 1999, she held the position of Senior Vice President and Director of Capital Markets Policy. Located in Washington DC, she provided legal, policy and strategic advice to FINRA’s Executive Management and Board of Governors. This advice was on complex and sensitive regulatory, investor protection and corporate initiatives and rule proposals. In addition to other duties, she managed the legal team in developing and implementing policy related to equity, options and fixed income market structure, trading practices, market transparency and integrity and regulatory audit trails.

Before FINRA benefitted from her experience. For three years, Dumont held the position of Director of Compliance for a broker-dealer compliance consulting firm.

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Additionally, in 1993, she joined the ranks of NASD’s Market Regulation Department. During this time, she conducted several investigations in insider trading, manipulation, fraud, short selling and options.

An Expert in Market Regulation

Dumont said, “Effective regulation and transparency are essential to the function of vibrant securities markets and have always been at the core of my work. I know first-hand the deep commitment of my colleagues to ensuring the integrity of our markets. I look forward to leading the department and working with Robert and the rest of the senior management team to advance our important mission.”

“Stephanie is widely respected as an expert in market regulation and a vigorous advocate for the interests of investors in our complex and constantly evolving securities markets. Our Market Regulation and Transparency Services Department plays a critical role in our mission of investor protection and market integrity, and we look forward to her leadership of this outstanding team,” Cook said.


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