Notice to Members 05-54

NASD Announces Nominee for Regional Industry Member Vacancy on the National Adjudicatory Council

The purpose of this Special Notice to Members is to announce the nominee for the National Adjudicatory Council (NAC) from the North Region. The nominee, nominated for a three-year term beginning in January 2006, is listed in Exhibit I. The nominee will be proposed to NASD's National Nominating Committee unless an additional candidate comes forward within 14 calendar days from the date of this Special Notice.

We appreciate the interest shown by many members in expressing their desire to serve on the NAC and thank everyone for their continuing support of the self-regulatory process. The North Regional Nominating Committee thoroughly reviewed the background of every candidate before selecting their nominee in an effort to secure appropriate and fair representation of the region.

Questions concerning this Special Notice may be directed to Barbara Z. Sweeney, Senior Vice President and Corporate Secretary, at (202) 728-8062, or via email.