News Release

Nancy Kassebaum Baker Elected to NASD Board of Governors

Washington, DC—The National Association of Securities Dealers, Inc. (NASD®), today announced the election of former U.S. Senator Nancy Kassebaum Baker to its Board of Governors. As previously announced, NASD’s nominating committee recommended her appointment to the NASD Board of Governors on June 25, 1997.

Senator Kassebaum Baker served in the United States Senate from December 1978 to January 1997.

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, conducts regulatory reviews of members’ business activities, disciplines violators, and designs, operates, and regulates securities markets and services all for the ultimate benefit and protection of the investor.