The Financial Industry Regulatory Authority (FINRA) announced the appointment of four new Governors to its Board of Governors: Rostin “Russ” Behnam, Tim Carter, Dan Gallagher and Heather Traeger. The appointees bring experience spanning financial regulation, investment banking finance leadership, legal and compliance, and public pension management. Behnam previously served as Chairman of the U.S. Commodity Futures Trading Commission (CFTC) from 2021 to January 2025; Carter was Chief Financial Officer at Piper Sandler Companies; Gallagher is Chief Legal, Compliance and Corporate Affairs Officer at Robinhood Markets and previously served as a Commissioner of the U.S. Securities and Exchange Commission (SEC) from 2011 to 2015; and Traeger is General Counsel and Chief Compliance Officer at the Teacher Retirement System of Texas and previously served as Chair of FINRA’s National Adjudicatory Council. FINRA noted it is overseen by a 22-member Board of Governors with 12 public seats, 10 industry seats and one seat reserved for FINRA’s CEO, with governors appointed or elected to three-year terms and limited to two consecutive terms.
Financial Industry Regulatory Authority 2026-01-06
FINRA appoints four new Governors to its Board of Governors
The Financial Industry Regulatory Authority (FINRA) appointed Rostin Behnam, Tim Carter, Dan Gallagher, and Heather Traeger as new Governors to its Board, bringing diverse expertise in financial regulation, investment banking, legal compliance, and public pension management. The Board consists of 22 members with a mix of public and industry seats, and governors serve three-year terms with a two-term limit.