News Release

Statement by NASD Chairman and CEO Robert R. Glauber on the Selection of William H. Donaldson for SEC Chairman

Investors and the markets will welcome this appointment. Bill Donaldson's impressive background prepares him well to deal with the broad range of corporate governance, accounting, regulatory and market structure issues that face the SEC at this critical time in its history. As former head of a self-regulatory organization, he also understands the vital role that private-sector regulation can play in protecting investors.

I look forward to working with him to help restore investor confidence.