FINRA today announced the retirement of Executive Vice President Cam Funkhouser after more than 35 years of service at the organization. Funkhouser has led FINRA’s Office of Fraud Detection and Market Intelligence (OFDMI) – including the Insider Trading and Fraud Surveillance units, FINRA’s Complaint Center and FINRA’s Whistleblower program – since its creation 10 years ago. He will remain in his position until the end of the year.
Funkhouser is highly regarded throughout the industry for his expertise in conducting investigations and leadership in developing FINRA’s regulatory programs for insider trading and other types of fraud.
“We are deeply grateful to Cam for his many contributions over his remarkable career at FINRA, in particular his leadership in building a new office singularly focused on identifying and investigating fraud,” said FINRA President and CEO Robert W. Cook. “Cam and his team have built OFDMI into a highly successful unit responsible for uncovering hundreds of cases of insider trading, microcap fraud, Ponzi schemes and other white collar misconduct.”
“It has been an honor and privilege to work in an organization that is so passionate about its mission of investor protection and market integrity,” said Funkhouser. “I am grateful for the incredible support I have received throughout my career from my colleagues and FINRA senior leadership in building our outstanding regulatory programs. I also want to thank my family for their behind-the-scenes support as I pursued a professional journey that spanned over four decades.”
Funkhouser began his career at FINRA in 1984 in the Market Regulation Department. He oversaw the implementation of advanced technology and data analytics to FINRA’s insider trading and fraud surveillance for publicly traded companies. His accomplishments in Market Regulation included, among other things, the strategic development of FINRA’s specialized units for short sales, blue sheets and PIPE offerings. In 2009, Funkhouser played an instrumental role in the creation of FINRA’s Office of the Whistleblower and was appointed to lead the newly created OFDMI. During his tenure, OFDMI investigations have exposed numerous high profile securities fraud schemes that have been successfully prosecuted by FINRA, the Securities and Exchange Commission and other law enforcement agencies across the country and internationally. Funkhouser has regularly been called upon by civil and criminal law enforcement authorities to provide training, technical assistance, strategic investigative and litigation advice, and expert testimony.
Funkhouser holds a degree in business from Georgetown University and a law degree from George Mason University.
FINRA is a not-for-profit organization dedicated to investor protection and market integrity. It regulates one critical part of the securities industry – brokerage firms doing business with the public in the United States. FINRA, overseen by the SEC, writes rules, examines for and enforces compliance with FINRA rules and federal securities laws, registers broker-dealer personnel and offers them education and training, and informs the investing public. In addition, FINRA provides surveillance and other regulatory services for equities and options markets, as well as trade reporting and other industry utilities. FINRA also administers a dispute resolution forum for investors and brokerage firms and their registered employees. For more information, visit www.finra.org.