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EXCLUSIVE: FINRA's top lobbying executive departing

Jul 02 2012 Suzanne Barlyn, Reuters

(Reuters) - The top public relations and lobbying executive for Wall Street's industry-funded regulator is leaving, FINRA confirmed on Friday. Howard Schloss, the Financial Industry Regulatory Authority's head of corporate communications and government relations, will end his 12-year run with the regulator in September. Schloss is among FINRA's highest paid executives - his total compensation topped $1 million in 2010, a ccording to a FINRA annual report. His compensation has raised questions among many Washington insiders. His departure coincides with a review by the U.S. Securities and Exchange Commission of executive compensation practices and other issues at FINRA, according to a report by the Government Accountability Office (GAO) on May 30. The SEC, which oversees FINRA, has not historically reviewed the regulator's executive compensation programs, according to the GAO, an investigative arm of Congress. Schloss is also leaving just as U.S. lawmakers

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