finra

FINRA

For Release:
Media Contacts:
Thursday, October 1, 1998
Michael D. Jones - (202) 728-8157
Nancy A. Condon - (202) 728-8379

 

Dennis Hensley to Head NASD Institute for Professional Development

Washington, D.C.—The National Association of Securities Dealers, Inc. (NASD®) today announced that veteran securities regulator Dennis Hensley will head the new NASD Institute for Professional Development – a customized training program for securities industry professionals and regulators.

 

Hensley, a current Managing Director at J.P. Morgan & Co., will help develop the NASD Institute’s program and focus. The Institute plans to enroll its first class in the first quarter of 1999. His appointment as Executive Director is effective today.

 

"Dennis is a superb choice to head the NASD Institute and we’re extremely pleased he’s agreed to help shape and implement this important program," said Frank G. Zarb, NASD Chairman and Chief Executive Officer. "The NASD Institute will provide instruction across a range of key issues to ensure that all securities industry professionals will be able to make positive contributions to the industry."

 

In partnership with a college or university, the NASD Institute will, at the outset, provide professional education in week-long classroom training sessions. The sessions will begin with an overview of the practical application of securities law and instruction on the structure and role of federal, state, and self-regulators. Additional courses will cover subjects including: trading, ethics, professional conduct, and other key topics.

 

Hensley – who is now Managing Director, Associate General Counsel, and Global Head of Compliance – joined J.P. Morgan in 1989, where he advised the company’s U.S. broker/dealer subsidiary as it was entering the securities business, building its compliance program in the process. He was named U.S. Head of Compliance in 1992, and went on to build and lead J.P. Morgan’s worldwide regulatory and compliance program, introducing one of the industry’s first globally integrated compliance programs.

 

Hensley served for several years as a member of the NASD Board of Governors and the NASD Regulation Board of Directors. He has a law degree from the College of William and Mary and an undergraduate degree in finance from the University of Illinois.

 

The National Association of Securities Dealers is the largest securities industry self-regulatory organization in the United States. Through its subsidiaries, NASD Regulation, Inc., and The Nasdaq Stock Market, Inc., the NASD develops rules and regulations; provides a dispute resolution forum; conducts regulatory reviews of members’ activities; and designs, operates, and regulates securities markets all for the benefit and protection of investors.