Statement of NASD Chairman and CEO Mary Schapiro Regarding the Passing of Gordon S. Macklin, Former NASD President and NASDAQ Founder
Herb Perone (202) 728-8464
"All of us at NASD are greatly saddened by the passing of Gordon S. Macklin, who served as President of NASD for 17 years (1970-1987) and who founded NASDAQ in 1971 and served as its first President (1975-1987). Gordon was a man of great ability and energy whose years of leadership were characterized by tremendous innovation and a creative vision of the future of financial markets. NASD honored Gordon in 1987, dedicating its Rockville, MD, operations center to him and naming it the Gordon S. Macklin Building. Among his many legacies will be the inspiration for generations of NASD colleagues to embrace the uncertainties of the future as opportunities for innovation and growth."
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 www.nasd.com.