NASD Head To Depart At Summer's End

Jul 28 2006 | 4:16pm ET

Robert Glauber is taking his leave of the NASD a little early. Glauber, who has headed the regulator for six years, as CEO since 2000 and chairman since 2001, had intended to leave at the end of the year, but instead will depart on Aug. 31. "I came to the NASD six years ago with the goal of transitioning the organization away from owning markets, and focusing it solely on its regulatory mission," Glauber explained. "With NASD's recent sale of its last remaining stake in Nasdaq and with the SEC approval of Nasdaq's request to operate as an exchange beginning Aug. 1, NASD has succeeded in making that transformation."

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