Berthel Fisher Companies — a leading wealth management, investment management, and insurance solutions provider — announced that Kim Chapman, Chief Compliance Officer of Berthel, Fisher & Company Financial Services, Inc., has been elected to serve on FINRA’s National Adjudicatory Council (NAC) for the mid-size firm seat.
“I am thrilled to begin collaborating with FINRA on behalf of its members,” Chapman said. “Having been in the securities business for over 30 years, I deeply believe that FINRA members deserve to have someone on the National Adjudicatory Council who understands their issues, who is not afraid to speak their mind, and someone who can see things from a practical level when addressing the challenges of running a broker-dealer.”
Chapman was appointed CCO of Berthel, Fisher & Company Financial Services, Inc. in 2020. She has over 20 years of experience in compliance, including with business models encompassing captive audiences, franchised models and independent models. Chapman holds FINRA securities licenses 6, 7, 14, 24 and 99.
She has worked in the retail space, a fintech model, investment banking and product manufacturers in both insurance and mutual funds. Chapman has experience in new firm registrations and closing a clearing operation while maintaining the broker-dealer. She has worked at large firms with more than 5,000 registered reps and small firms with fewer than 50 registered persons.
The Financial Industry Regulatory Authority concluded voting for the contested seat on Dec. 15, 2023. Chapman’s four-year term on the NAC begins this month. Ken Norensberg, Managing Director at Luxor Financial Group, served as her campaign manager. Chapman is also a member of FINRA’s Mid-West Regional Committee.
The NAC is appointed by the FINRA Board of Governors to review initial disciplinary decisions issued by FINRA hearing panels and presides over disciplinary matters that have been appealed to or called for review by the NAC. The NAC also reviews statutory disqualification matters, considers appeals of membership proceedings, exercises exemptive authority and acts in other proceedings as set forth in the Code of Procedure.
Stay Ahead of the Financial Curve with Our Latest Fintech News Updates!
