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Finra scraps industry diversity committee amid broader retreat from DEI

Sam Bojarski / Mar 11, 2025
The diversity advisory committee worked to bring younger professionals into the industry and advised the Finra board on enhancing DEI.
The Financial Industry Regulatory Authority (Finra) has scrapped a diversity advisory committee composed of financial industry leaders. 
The committee was created in 2022 to advance the self-regulatory body’s commitment to diversity, equity and inclusion (DEI) in the financial industry and, like other advisory committees, to ensure the organization’s rules and activities reflected the needs of regulated entities, Finra said at the time. 
Composed of committee members in the securities industry, it was intended to advise Finra’s board on enhancing DEI industry-wide. 
Since January, information about the committee has been removed from the Finra website, according to archived history obtained via the Wayback Machine. The diversity committee became Finra’s 13th advisory committee in 2022. A webpage that lists out advisory committees now says Finra has 12 such bodies. 
A Finra spokesperson declined to comment. 
The diversity committee advocated to get younger professionals into financial services by...
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