(Reuters) - A board member of the Financial Industry Regulatory Authority has resigned after settling a disciplinary case alleging he failed to supervise a broker at his firm, a FINRA spokeswoman confirmed Tuesday.

Joel Blumenschein, president of Freedom Investors Corp, resigned less than three months before his term on the FINRA board was to end. Blumenschein's Brookfield, Wisconsin-based brokerage employs about 30 brokers, according to a regulatory filing.

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