Richard Ketchum on Friday announced he would retire as chairman and CEO of the Financial Industry Regulatory Authority in the second half of next year.
FINRA said its board of governors would search for a replacement for Mr. Ketchum, including candidates from within and outside the regulatory group. Details of the search have not been announced.
Mr. Ketchum joined FINRA in his current post in 2009, after having been CEO of NYSE Regulation, the subsidiary of the New York Stock Exchange that provides regulatory oversight of the exchange. Prior to that, he was the NYSE's first chief regulatory officer.
FINRA is the independent regulator for all U.S. securities firms.
Nancy Condon, FINRA spokeswoman, could not be immediately reached for further details.
