| Friday, June 3, 2005
Nancy Condon 202-728-8379
Herb Perone 202-728-8464
Statement of NASD Chairman and CEO Robert R. Glauber Regarding the Nomination of Representative Christopher Cox to Become Chairman of the Securities and Exchange Commission
"We at NASD welcome the nomination of Representative Christopher Cox to become the next Chairman of the Securities and Exchange Commission. His more than two decades of service in Congress and at the White House, combined with his private-sector experience as a securities lawyer, give him a powerful skill set that will serve him well in his new post. We look forward to working with him to achieve our shared goals of protecting investors and ensuring market integrity."
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NASD is the leading private-sector provider of financial regulatory services, dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services. NASD touches virtually every aspect of the securities business - from registering and educating all industry participants, to examining securities firms, enforcing both NASD rules and the federal securities laws, and administering the largest dispute resolution forum for investors and member firms. For more information, please visit our Web site at www.nasd.com.