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April 19, 2016

Sandy Grannum Quoted in Compliance Week

Florham Park partner Sandy Grannum was quoted in a Compliance Week article titled, “Market shifts, SEC priorities spark debate of FINRA’s future.” The article discussed the recent announcement that Chairman and CEO Richard Kennum will retire from the Financial Industry Regulatory Authority, a self-regulatory organization overseeing 4,000 brokerage firms and 643,000 registered representatives.

Sandy commented on FINRA’s role in the marketplace, saying that it is an agency that does its best to keep pace with market changes. “It really has evolved into something different and bigger, but I don’t necessarily think that is a bad thing,” she said. “It fills a gap in the system because it acts like another regulator, but is mostly funded by the industry.”

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