FINRA Hires Former SEC Official As Chief Counsel

Law360, New York (May 4, 2012, 3:07 PM EDT) -- The Financial Industry Regulatory Authority has hired as its head attorney Robert Colby, the former deputy director of a U.S. Securities and Exchange Commission division, the Wall Street Journal reported Friday, citing people familiar with the matter.

Colby will leave his current position at Davis Polk & Wardwell to succeed T. Grant Callery, general counsel at FINRA, who is retiring, and Marc Menchel, FINRA's general counsel for regulation, who is leaving the agency, the Journal said.

In his three years in Davis Polk's Washington, D.C., office...
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