Acknowledging the challenging times ahead, Ketcham remarked:
Restoring confidence among investors in our financial markets and in our regulatory system has never been more urgent.
Protecting investors is FINRA's singular mission. As head of FINRA, I will leverage our staff and expertise in the fight against fraud and manipulation in the marketplace," he continued. "FINRA's enforcement and examination divisions will have the tools and support required to track down and punish any broker, or any firm, who harms investors. We will not rest until investors once again feel confident placing their money in a marketplace they can trust.
At the same time as the announcement of Ketcham's appointment, FINRA also announced that FINRA's interim CEO, Stephen Luparello, will become Vice Chairman and will continue to oversee FINRA's regulatory operations.
The full text of FINRA's announcement is available at: http://www.finra.org/Newsroom/NewsReleases/2009/P117991