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Screenshot of a breaking news alert e-mail from Q2 2017
The Financial Industry Regulatory Authority (FINRA) has named Joseph M. Mecane as the Floor Member Governor on FINRA’s Board of Governors. Mr. Mecane is currently a Managing Director of Electronic Equities and Credit Products at Barclays. Mr. Mecane recently joined Barclays to assist in the further development of the firm’s electronic product offering, with a particular focus on the equities and credit markets.
Mr. Mecane is a recognized industry expert in market structure issues and the regulation of markets. Before moving to Barclays, Mr. Mecane served as Executive Vice President of NYSE and Head of U.S. Equities for NYSE at Intercontinental Exchange Group, Inc.
Prior to joining the NYSE in 2008, Mr. Mecane served as a Managing Director in the Equities division of UBS’ Investment Bank, where he was responsible for overseeing the firm’s wholesale and retail trade execution business. He was previously a Managing Director and Chief Operating Officer at the Schwab Capital Markets division of Charles Schwab & Co., where he oversaw Schwab’s broker-dealer business.
Mr. Mecane holds Series 4, 7, 24, 27, 55 and 63 certifications, and is a Certified Public Accountant. He earned his MBA with honors from The Wharton School, University of Pennsylvania, and received his bachelor’s degree in public accounting from Pace University.
“On behalf of the Board, I would like to extend a warm welcome to Joe. Joe’s valuable expertise and depth of experience in market structure issues will help FINRA’s Board move forward as we advance our mission of protecting investors and ensuring the integrity of our markets,” said Richard Ketchum, FINRA’s Chairman and Chief Executive Officer.
FINRA is overseen by a 24-person Board of Governors, with 13 seats held by public Governors and 10 by industry Governors. FINRA’s CEO has the remaining seat. FINRA Governors are appointed or elected to three-year terms and may not serve more than two consecutive terms.
For the official announcement from FINRA, click here.