The Financial Industry Regulatory Authority (FINRA) in the U.S. is looking for a new head of enforcement.
FINRA announced in a release today that its executive vice president of enforcement, Susan Schroeder, is stepping down from the self-regulatory organization (SRO) later this year after two years at the helm of the division.
The SRO says it will launch a search for Schroeder’s replacement that will consider both internal and external candidates.
In the meantime, FINRA’s deputy head of enforcement, Jessica Hopper, has been named the acting head of the division.
“Strong, consistent enforcement is critical for FINRA’s mission of protecting investors and market integrity. The transformation of the enforcement programs under Susan’s leadership has enhanced FINRA’s ability to advance that mission and target developing issues that can put investors and markets at risk,” said FINRA president and CEO, Robert Cook.