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September 15, 2011
Brattle Senior Advisor Michael Goldstein Named Chair of FINRA

The Brattle Group congratulates senior advisor Michael Goldstein for his appointment as chair of the Financial Industry Regulatory Authority’s (FINRA) Economic Advisory Committee. Dr. Goldstein is a Professor of Finance and Faculty Director for The Stephen D. Cutler Center for Investments and Finance at Babson College, where he has been designated a Babson Faculty Scholar. He previously held the Joseph Winn Term Chair from 2000 to 2005. He has taught at Boston College and at the University of Colorado at Boulder, where he received the Proctor & Gamble Teaching Excellence Award. He also teaches several executive education courses to senior executives at major Fortune 100 firms and at financial, bio-pharma, and IT companies around the country. FINRA is the largest regulator for all securities firms doing business in the United States. Their mission is to protect America’s investors by making sure the securities industry operates fairly and honestly. FINRA has regulatory oversight over virtually every aspect of the securities business—from registering and educating industry participants to examining securities firms; writing rules; enforcing those rules and the federal securities laws; informing and educating the investing public; providing trade reporting and other industry utilities; and administering the largest dispute resolution forum for investors and registered firms. FINRA oversees nearly 4,525 brokerage firms, about 163,530 branch offices and approximately 631,085 registered securities representatives. Dr. Goldstein previously served as a member of the same Committee of FINRA. He has also previously served on the NASDAQ Economic Advisory Board from 2003 to 2005, and was elected Chair for 2005. From August 1997 to July 1998, he was the Visiting Economist at the New York Stock Exchange (NYSE), the eighth academic to hold this post. Prior to that, he advised the Deputy Prime Minister of Poland on Poland’s privatization program and worked as an Investment Banker with Merrill Lynch Capital Markets in their Financial Institutions and Japan Banking groups.

Michael A. Goldstein
Academic Advisor
Babson College
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