The Financial Industry Regulatory Authority (FINRA) has named Feral Talib as its new Executive Vice President and Head of Surveillance and Market Intelligence. Talib will assume his new role on 2 January 2024.

FINRA Appoints New Executive to Lead Surveillance and Market Intelligence

Talib will oversee FINRA's market surveillance program in this newly created position, which monitors trading activity across equities, options, and fixed-income markets to detect potential violations. He will be tasked with finding ways to enhance FINRA's surveillance capabilities through innovation and technology.

"By combining advanced surveillance and detection with FINRA's traditional investigative expertise, I look forward to continuing and building upon the excellent work FINRA is already doing in this space," Talib said.

According to the release, Talib brings extensive experience leading large-scale surveillance operations. He previously served as the Global Head of Market Surveillance at BNP Paribas Group, overseeing monitoring across 64 countries. Before that, he held various surveillance leadership roles at BNP Paribas Corporate and Institutional Banking.

Talib also has past expertise from Goldman Sachs, where he managed the firm's Market Surveillance and Investigations group. At FINRA, he will report directly to Stephanie Dumont, the Executive Vice President and Head of Market Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term and Transparency Services.

In the announcement, Dumont expressed confidence that Talib's background positions him well to bolster FINRA's surveillance excellence. Talib cited the "evolutionary leap" in AI-enabled surveillance as an area of focus in his new FINRA role.

FINRA's hiring of an expert previously associated with the private sector is particularly interesting, given that U.S. regulators are struggling to find employees. For instance, the SEC is having trouble filling its open positions.

Other Industry Executive Moves

Finance Magnates recently reported on several other movements in the financial industry. XS.com, a global financial services firm, recently elevated Fabian Frantz to Business Development Director for South Africa. Frantz's primary responsibilities include expanding XS.com's customer base and customizing services for the South African market.

In the meantime, Trading 212 Group Ltd has announced the appointment of Sina Mostafavi as a Non-Executive Director. Also, eToro, an international trading and investment platform, has named Massimo Citoni the new Regional Manager for Italy. Citoni, who initially joined eToro as an Account Manager in 2015, rose to become the Head of the Italian Desk in 2023. His main objective is to consolidate eToro's market position in Italy.

IG North America, the parent entity of the online brokerage Tastytrade, additionally revealed significant leadership updates. Isaac Poore has been appointed the Chief Financial Officer, succeeding Matt Hellmuth.