In a statement, Finra spokeswoman Michelle Ong said that every Finra governor, regardless of classification, “is responsible for serving in an unbiased and objective manner, and voting on matters for the good of the investors, industry and marketplace.”
Ong added that earlier this year Finra sought comment on its engagement programs and transparency, including with respect to board governance.The Public Investors Arbitration Bar Association says Finra’s public board members may not truly represent the investing public.