Even in the face of a decline in the number of retail broker-dealers and a recent financial loss that led to an increase in membership fees, Finra has set its sights on new areas of growth, according to Richard G. Ketchum, its chairman and chief executive. The Financial Industry Regulatory Authority Inc., which oversees 4,416 broker-dealers and 629,278 registered representatives, wants to expand its role as a regulator of both retail investment professionals and institutions, he said. Read Investment News report here.
