On June 13, 2016, the Financial Industry Regulatory Authority announced that its Board of Governors has appointed Robert W. Cook as its President and CEO, effective the second half of 2016. Mr. Cook succeeds Richard Ketchum, who has served as Chairman and CEO since 2009. Previously, Mr. Cook served as Director of the Division of Trading and Markets of the SEC from 2010 to 2013. FINRA intends to name a new Chairman in the coming months.