John Muschalek, managing director of clearing at First Southwest, has been appointed by the board of governors of the Financial Industry Regulatory Authority (FINRA) to its National Adjudicatory Council (NAC). The NAC reviews all disciplinary decisions issued by FINRA hearing panels and presides over disciplinary matters that have been appealed to or called for review by the NAC. FINRA is the largest independent regulator for all securities firms doing business in the United States and oversees nearly 4,800 brokerage firms, about 172,000 branch offices and approximately 646,000 registered securities representatives.
John was a logical choice for the NAC having served on numerous committees and in leadership positions for FINRA as well as for the Securities Industry and Financial Markets Association. Previously he was chief financial officer and financial and operations principal for First Southwest. Active in Dallas civic affairs, John has also served on the board of directors of the Wilkinson Center.