Mr. Goble had been a member of FINRA's Board since last October after being elected by small firms as one of their three designated representatives.
FINRA is overseen by a 23-person Board of Governors, with 11 seats held by Public Governors and 10 Industry Governors. FINRA's CEO and Chairman comprise the remaining two seats. Large firms, consisting of 500 or more registered persons, and small firms, consisting of 150 registered persons or fewer, are each guaranteed three seats on Board. Medium-sized firms with 151 to 499 registered persons, NYSE floor members, independent dealer/insurance-affiliated firms and investment companies are each guaranteed one seat.