FINRA Exam Chief Bari Havlik to Retire

The Financial Industry Regulatory Authority said Friday that its exam chief, Bari Havlik, will retire from the broker-dealer self-regulator later this year.

Havlik, executive vice presidetnt and head of the Department of Member Supervision, will be succeeded by Greg Ruppert on Nov. 1.

Ruppert currently reports to Havlik and serves as EVP and leader of FINRA’s National Cause and Financial Crimes Detection Program (NCFC).

Havlik will remain an advisor to Ruppert to assist with the transition.

Since 2018, Havlik has led the Department of Member Supervision.

Havlik spearheaded the consolidation of FINRA’s three exam functions into a single, unified program.

The exam functions previously were divided among three programs responsible for business conduct, financial and trading compliance.

“Our mission of investor protection and market integrity depends on effective oversight, from early risk monitoring to timely guidance for firms to in-depth investigations of potential misconduct,” said FINRA President and CEO Robert Cook in a statement.

“Bari has led a remarkable transformation in our risk monitoring and examination programs that will continue to strengthen FINRA’s ability to supervise our member firms effectively and efficiently. I am grateful for her leadership in that effort and in the important work that Member Supervision undertakes every day to safeguard investors and markets.”

Ruppert, Cook added, is “an innovative leader who has demonstrated exceptional collaboration across FINRA in his time at the head of our national cause and financial crimes program. I am confident that he will build on Bari’s accomplishments and further enhance FINRA’s oversight capabilities.”

(Pictured: Bari Havlik)

European Compliance Association

European Compliance Association

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