New York Society of Security Analysts

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The New York Society of Security Analysts (NYSSA) was established in 1937 by a group of financial professionals that included Benjamin Graham, a pioneer in the financial industry. NYSSA currently has more than 9,000 members and is the largest society within the CFA Institute, which has more than 90,000 members.[1]


In 1937 a small group of security analysts decided to turn their casual lunch gatherings into a series of regular meetings. They held an organizational luncheon in a private dining room of the New York Chamber of Commerce. It was there that NYSSA was conceived, with a membership of approximately 20 analysts, including Benjamin Graham, the “father of securities analysis.” In September of that year, the society held its first formal program, at which Lawrence Klybert of Alexander Eisemann & Co. spoke on “Options – Their Effect on the Market Price of Stocks.” By 1939, the Society had grown to 82 members.[2] In 1945 NYSSA published the first issue of Analysts Forum, which featured the first public discussion of idea of analyst certification in its premier issue.[3] That same year the NYSSA membership voted NYSSA votes 90–6 for establishment of the QSA rating scheme, a precursor to the CFA designation.[4]

Famous NYSSA members include Benjamin Graham, Irving Kahn, Byron Wien, and John J. McCabe.

Educational Programs[edit]

NYSSA provides review courses for the CFA Exam, as well as professional development courses on a range of topics, from financial modeling to corporate valuation methodologies to deal structuring.


Benjamin Graham and Irving Kahn were among the analysts serving on the editorial board of the Analysts Journal, which was published by the society from 1945 to 1953. In 2008 the society launched a magazine/peer-reviewed journal, The Investment Professional. The last issue of this magazine was published in the Fall of 2009.[5] It was then replaced with a blog, the Finance Professionals' Post.[6]

Board of directors[edit]

  • President: Mark Ukrainskyj, CFA, American Economic Planning Group
  • Executive Vice President: Kathy A. O'Connor, CFA, KJ Capital Management LLC
  • Secretary: John J. Apruzzese, CFA
  • Treasurer: Liz Miller, CFA, CFP
  • Steve Balog
  • Karen E. Boroff, PhD, Seton Hall University’s Stillman School of Business
  • Mary Jane McQuillen, ClearBridge Investments
  • Andrew J. Melnick, CFA, Melnick Investment Partners
  • Katherin Nukk-Freeman, Nukk-Freeman & Cerra, P.C.
  • Barry M. Sine, CFA, CMT, CapStone Investments
  • Victor Ugolyn, Wisdom Tree Trust
  • Mark Ukrainskyj, CFA, American Economic Planning Group Inc.[7]


Activities vary by committee. The responsibilities of membership on most committees include
• Building relationships with related organizations on Wall Street.
• Developing presentations and conferences relevant to the committee and NYSSA membership.
• Planning and attending social and networking events.
• Sharing information and resources on a particular topic.


External links[edit]