Nagengast joined Securities America in 1994 and became CEO in 2010. During his tenure, he served as chief financial officer, chief operating officer and president of the broker-dealer, and he is responsible for directing most departments throughout the firm.
Before that he worked as an analyst for Merrill Lynch Capital Markets and as a consultant for Marakon Associates. He is also a former member of the adjunct faculty at the University of Nebraska at Omaha and holds an AB in economics from Harvard University, and an MBA in accounting and finance from Columbia University.
Finra is overseen by a 24-person board of governors, the majority of whom are public. The 10 industry governors include three from large firms, one from medium-size firms, three from small firms, one floor member, one independent dealer/insurance affiliate and one investment company affiliate. Finra governors are appointed or elected to three-year terms and may not serve more than two consecutive terms.