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RW Smith President Paige Pierce Is Running for the Small Firm Seat on FINRA’s NAC

SEATTLE & SALT LAKE CITY--(BUSINESS WIRE)-- Paige W. Pierce, President and CEO of fixed income interdealer broker RW Smith (www.rwsbroker.com), has received well over the required number of petitions to place her name on the ballot for election to a seat on FINRA’s National Adjudicatory Council (NAC).

Paper ballots are being mailed by FINRA to its roughly 4,000 small firm member firms by mid-October and must be returned and postmarked no later than Nov. 15. The winner will be announced by FINRA in December.

According to Ms. Pierce, “This election is very important to the health of small firms in this industry. The NAC is the national committee that reviews initial decisions rendered in FINRA disciplinary and membership proceedings and is tasked with the handling of appeals. Small firms represent the majority of FINRA membership but have only two seats on this important council, thus leaving us a minority voice. That voice must be strong and one of experience.”

To bring about positive change in the industry, Ms. Pierce serves on numerous financial industry committees including: FINRA Fixed Income Committee, The Securities Industry and Financial Markets Association Small Firms Advisory Committee, Municipal Executive Committee (Steering 09-11), Emergency Calendar & Markets Committee and the Municipal Securities Broker's Broker Committee (Chair 08-11).

Ms. Pierce is a co-founder of the Women in the Investment Industry PSA group and was Chair of the Pacific Region – U.S. of the Young Presidents’ Organization Women’s International Network from 2007 through 2009. She is currently the Network Chair of the Utah Chapter of YPO and on the YPO Advisory Board for Stanford University.

Founded in 1985 in Seattle, today RW Smith is one of the leading fixed income interdealer brokers in the nation with offices across the country.

FINRA is the largest independent regulator for all securities firms doing business in the United States. FINRA's mission is to protect America's investors by making sure the securities industry operates fairly and honestly. All told, FINRA oversees about 4,380 brokerage firms, about 162,845 branch offices and approximately 629,640 registered securities representatives.

Outside the Box
Sharon Spaulding, 801-918-9995

Source: RW Smith