On October 12, President Barack Obama named Richard Ketchum '75 one of 12 individuals who will serve on the President's Advisory Council on Financial Capability. Ketchum, who was an adjunct professor at the Law School in 2008, is chairman and CEO of the Financial Industry Regulatory Authority (FINRA). Ketchum was previously CEO of NYSE Regulation, Inc., which regulates conduct at the New York Stock Exchange.

The new council was formed with the goal of assisting “the American people in understanding and addressing financial matters.” According to a White House press release, the council will advise Obama on: financial education efforts; promoting financial products and services that are beneficial to consumers, especially low- and moderate-income consumers; and promoting understanding of effective use of such products and services

"I am confident that these highly qualified men and women will greatly serve the American people as they work to improve financial literacy and promote services that will benefit consumers,” Obama said in the press release. “I look forward to their sound advice on these issues as we work together in the months and years ahead."

Posted October 19, 2010