When I was a 3L, I was called into the Dean’s office and informed that he had recommended me to a 65-year old alumnus who practiced in a small town in New York State’s Southern Tier, and who was looking for a successor to mentor. I fit the profile because I grew up in a similar small Western New York town. Intrigued, my wife and I headed out to the edge of Appalachia to spend the day with the attorney and his wife and scope out the opportunity.
This second largest of the Self-Regulatory Organizations (SROs) in terms of attorney employment has a lot of regulatory implementation work to do, now that the Dodd-Frank Wall Street Reform and Consumer Protection Act is law. And that means more opportunities for lawyers.
The Financial Industry Regulatory Authority (FINRA) is the largest of the Self-Regulatory Organizations (SROs), the quasi-governmental organizations supervised by the Securities and Exchange Commission (SEC) and authorized by the Securities Exchange Act to regulate their own member organizations and individuals. For FINRA, this means securities brokers and dealers. In carrying out the many mandates and regulatory compliance provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act), FINRA will have to expand its legal, compliance, dispute resolution and investor education staffs.