Kim Chapman Takes the Helm as Chair of FINRA's National Adjudicatory Council for 2026

In a significant development within the financial services domain, Kim Chapman, the Chief Compliance Officer of Berthel Fisher Companies, has been appointed as the Chair of the Financial Industry Regulatory Authority's (FINRA) National Adjudicatory Council (NAC) for the year 2026. This new leadership role is not only a testament to Chapman's extensive experience but also reflects the ongoing evolution of compliance standards within the financial sector.

Chapman's nomination follows a commendable four-year term she began in January 2024, representing the Mid-Size Firm seat. Her election was facilitated by the FINRA Board of Governors, with functions that are critical during a time when the finance industry faces increasingly complex regulatory challenges.

The National Adjudicatory Council plays a crucial role in evaluating the disciplinary decisions made by FINRA hearing panels. This includes situations that require detailed review, such as appeals of membership proceedings, disciplinary matters, and statutory disqualification issues. In her capacity as Chair, Chapman's primary objective will focus on delivering fair and equitable outcomes that safeguard the interests of those who invest in the financial markets.

With over 30 years dedicated to the financial services industry, Chapman brings a wealth of insights and knowledge to her new position. Her two decades in compliance leadership, coupled with her vast experience across diverse business models—ranging from large broker-dealers to closely-held firms—provides her with a uniquely comprehensive perspective.

Addressing her peers, Chapman expressed her gratitude and excitement, stating, "It's a distinct honor to be elected by my peers to serve as Chair of the NAC. Our duty in reviewing disciplinary decisions alongside FINRA is increasingly vital. I aim to leverage our collective expertise to enforce regulations that not only uphold integrity within the industry but also protect the investing public."

Since taking on the role of Chief Compliance Officer for Berthel Fisher subsidiaries in 2020, Chapman has influenced various financial service sectors, overseeing independent broker-dealers and SEC-registered investment advisors. Her extensive background across retail, fintech, and investment sectors equips her with the necessary balance between regulatory compliance and operational effectiveness.

Andrew Christofferson, the CEO and President of Berthel Fisher subsidiaries, underscored the importance of Chapman's election, remarking, "The wealth management industry will be well served with Kim as Chair of the FINRA NAC. Her election reflects her knowledge, judgment, and integrity, highlighting the caliber of leadership we cultivate at Berthel. She possesses a keen understanding of the issues confronting financial advisors, firms, and clients, and we are confident she will lead with fairness and reasoned oversight."

The Berthel Fisher Companies themselves encompass a variety of entities in the financial services landscape, including acclaimed independent broker-dealers and a multitude of advisory services. This structure confirms their commitment to comprehensive wealth management, investment strategies, and advanced insurance solutions tailored to meet diverse client needs.

As Chapman embarks on this significant chapter in her career, her election signifies not only personal achievement but also represents a broader commitment to the protection and advancement of investor rights. The Well-respected FINRA organization remains dedicated to maintaining market integrity and ensuring that the framework governing financial practices is robust and responsive to the evolving landscape of the securities industry.

For additional information regarding the Berthel Fisher Companies and their financial service offerings, visit Berthel Fisher's official website. Furthermore, to understand the full scope of FINRA’s commitment to investor protection, explore their resources at FINRA's official site.