LPL Financial's Chairman and Chief Executive Officer Mark Casady has been named to the Board of Governors of the Financial Industry Regulatory Authority (FINRA).

"Mark's valuable expertise will assist FINRA in its mission to protect investors," said FINRA Chairman and CEO Richard Ketchum. "We are grateful for his willingness to serve. Mark's knowledge, skills and wisdom will be considerable assets to the board's deliberations and policymaking."

LPL Financial, with headquarters in Boston, San Diego and Charlotte, N.C., is the nation's largest independent broker-dealer with 12,294 financial advisors.