Wednesday, 1 October 2014
Last updated 35 min ago
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."
Glauber will be succeeded by Mary Schapiro, currently NASD vice chairman and president of regulatory policy and oversight division. The succession was announced in January when Glauber announced that he would step down at the end of December.
The NASD founded the Nasdaq in 1971. During Glauber's tenure, it also divested itself of the American Stock Exchange, with which it had merged in 1998.
Glauber, a former professor at Harvard University's business school and Kennedy School of Government, will return to Cambridge, Mass., as a visiting professor at Harvard Law School. He is also slated to join Freddie Mac's board of directors in September.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...