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Schapiro Tapped

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The NASD Board of Governors announced January 12 that Mary Schapiro will succeed Robert Glauber as chairman and CEO of NASD upon Glauber’s completion of his term in December 2006. Schapiro is NASD’s vice chairman and president of NASD’s Regulatory Policy and Oversight Division.

Prior to joining NASD in 1996 as president of NASD Regulation, Schapiro was chairman of the Commodity Futures Trading Commission; she had previously served for six years on the Securities and Exchange Commission.