News Release

LaRae Bakerink Appointed Small Firms Representative on NASD Board of Governors

Washington, D.C.  — NASD announced today that its Board of Governors has elected M. LaRae Bakerink, CEO of WBB Securities, LLC., to its small firm seat. She replaces William C. Alsover, who resigned on April 18.

Bakerink will serve until a new Board of Governors is established for the new regulatory body that will be created by the consolidation of NASD and the member regulation operations of New York Stock Exchange Regulation. The consolidation deal is expected to close in early summer.

Bakerink previously served two terms on the Board of Governors, from January 1999 through February 2006. She currently serves on NASD’s Small Firm Advisory Board, its Technology Advisory Committee and its District 2 Nominating Committee.

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 registered firms. For more information, please visit our Web site at