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05-43 NASD Announces Nomination Procedures for Regional Industry Member Vacancies on the National Adjudicatory Council
Nomination Deadline: August 1, 2005
Legal & Compliance
National Adjudicatory Council
The purpose of this Special Notice to Members is to advise members of the nomination procedures to fill one upcoming vacancy on the National Adjudicatory Council (NAC). The three-year term of the NAC regional Industry member from the North Region expires in January 2006. Exhibit I contains information regarding the NAC regional Industry member whose term expires in January 2006. Exhibit II contains a list of all NAC members. The procedures to fill the NAC regional Industry vacancy is outlined in Exhibit III. Also, a Candidate Profile Sheet is included in Exhibit IV.
Members are encouraged to submit nominations for the upcoming NAC vacancy. To nominate a candidate, members should submit a cover letter and the Candidate Profile Sheet (Exhibit IV) to the Regional Nominating Committee Chair, the NASD District Directors, or the NASD Corporate Secretary (listed in Exhibit I) by August 1, 2005.
The completed Candidate Profile Sheets will be provided to all Regional Nominating Committee members for review. On or about August 12, 2005, the Regional Nominating Committee will provide NASD members with written notice of the NAC candidate that the Committee proposes for nomination to the National Nominating Committee. Pursuant to Article V, Section 5.3(a) of the NASD Regulation By-Laws, the NASD National Nominating Committee shall nominate all candidates for the NAC for subsequent appointment by the Board.
Questions concerning this Special Notice may be directed to the District Directors listed in Exhibit I or to Barbara Z. Sweeney, Senior Vice President and Corporate Secretary, NASD, at (202) 728-8062 or via e-mail at firstname.lastname@example.org .
National Adjudicatory Council Membership and Function
The NAC consists of 14 members—seven Industry members and seven Non-Industry members. Exhibit II contains a list of all current NAC members. Two Industry members are appointed by the NASD Regulation Board of Directors as at-large members. Five Industry members each represent one of the following geographic regions:
|West Region:||Hawaii, California, Nevada, Arizona, Colorado, New Mexico, Utah, Wyoming, Alaska, Idaho, Montana, Oregon, Washington, and the former U.S. Trust Territories.|
|South Region:||Alabama, Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, Texas, Florida, Georgia, North Carolina, South Carolina, Puerto Rico, the Canal Zone, and the Virgin Islands.|
|Midwest Region:||Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Illinois, Indiana, Kentucky, Michigan, and Wisconsin.|
|North Region:||Delaware, Maryland, Pennsylvania, Virginia, West Virginia, the District of Columbia, New Jersey, Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, and New York (except for the counties of Nassau and Suffolk, and the five boroughs of New York City).|
|New York:||The counties of Nassau and Suffolk, and the five boroughs of New York City.|
We are seeking nominations for the North Region.
According to the NASD By-Laws, the NAC is authorized to act for the NASD Board of Governors in matters concerning:
appeals or reviews of disciplinary proceedings, statutory disqualification proceedings, or membership proceedings;
the exercise of exemptive authority; and
other proceedings or actions authorized by NASD rules.
The NAC also considers and makes recommendations to the Board on enforcement policy and rule changes relating to the business and sales practices of NASD members and associated persons.
NAC Industry Member with a Term Expiring in January 2006
North Region (Districts 9 and 11)
NAC Incumbent: A. Louis Denton
If you are interested in nominating yourself or a colleague to represent the North Region for a three-year term on the NAC, please submit a cover letter and a completed Candidate Profile Sheet (Exhibit IV) to any of the following individuals by August 1, 2005.
W. Dean Karrash
Regional Nominating Committee Chair
Burke, Lawton, Brewer & Burke
516 N. Bethlehem Pike
P.O. Box 950-C
Spring House, PA 19477
|Gary K. Liebowitz||Frederick F. McDonald|
|District 9 Director (New Jersey)||District 11 Director|
581 Main Street, 7th Floor
Woodbridge, NJ 07095
99 High Street, Suite 900
Boston, MA 02110
|John P. Nocella||Barbara Z. Sweeney|
|District 9 Director (Philadelphia)||Senior Vice President and
11 Penn Center
1835 Market Street, 19th Floor
Philadelphia, PA 19103
1735 K Street, NW
Washington, DC 20006
2005 National Adjudicatory Council
Geoffrey F. Aronow Heller Ehrman White & McAuliffe LLP
Constance Bagley Harvard Business School
A. Louis Denton Philadelphia Corporation for Investment Services
W. Dennis Ferguson Sterne Agee Clearing
Amy Bowerman Freed Hogan & Hartson, L.L.P.
Kathleen M. Hagerty Northwestern University
Timothy Henahan Baker & Co., Inc.
David A. Lipton Catholic University of America
Judith R. MacDonald Rothschild, Inc.
Neal E. Nakagiri
James M. Rogers J.J.B. Hilliard, W.L. Lyons, Inc.
Brian T. Shea Pershing LLC
William Wang Hastings College of Law
Samuel Wolff Akin Gump Strauss
National Adjudicatory Council Nomination Procedures
|Firm:||#RRs at Firm:|
Prior Registration (List the most recent first. Feel free to include extra pages if necessary.)
|General Areas of Expertise (please check all that apply)||Product Expertise (please check all that apply)|
|Compliance/Legal||Investment Advisory||Corporate Bonds||Investment Company|
|Corporate Finance||Retail Sales||Direct Participation Programs||Options|
|Financial/Operational||Trading/Market Making||Equity Securities||Variable Contracts Securities|
Memberships/Positions Held in Trade or Business Organizations
Past NASD Experience and Dates of Service (please check all that apply)
|Committee Member (Identify committee: )||Approx. Dates:|
|Expert Witness (arbitrations; disciplinary proceedings):||Approx. Dates:|