Bloomberg -- Lincoln National Corp., the insurer whose stock surged more than 60% this year, hired Ronald Holinsky from Janney Montgomery Scott LLC to be chief compliance officer as the industry faces increased regulatory scrutiny.

Holinsky will oversee companywide compliance programs in the newly created role and report to General Counsel Adam Ciongoli and James DelBello, senior vice president of business law and compliance, Lincoln said in a statement today. A lawyer who previously worked for the U.S. Securities and Exchange Commission, he was deputy general counsel at Philadelphia-based Janney and chief legal officer for its asset-management unit.

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