Schloss departs NYSE, joins NASD

WASHINGTON: Howard Schloss has left the New York Stock Exchange (NYSE) to oversee corporate communications and government relations at the National Association of Securities Dealers (NASD), which is currently attempting to forge a stronger identity.

WASHINGTON: Howard Schloss has left the New York Stock Exchange (NYSE) to oversee corporate communications and government relations at the National Association of Securities Dealers (NASD), which is currently attempting to forge a stronger identity.

WASHINGTON: Howard Schloss has left the New York Stock Exchange (NYSE) to oversee corporate communications and government relations at the National Association of Securities Dealers (NASD), which is currently attempting to forge a stronger identity.

Schloss has been appointed SVP of communications and government relations for NASD and its subsidiaries, which include The NASDAQ Stock Market and The American Stock Exchange.

Schloss is well-known in financial PR circles, having served as the Treasury Department's assistant secretary for public affairs prior to joining the NYSE.

NASD, which has been overshadowed by The NASDAQ Stock Market in recent years, has recognized the need for changes if it is to build its presence as the nation's largest self-regulatory organization for the securities industry.

NASD CEO and president Robert Glauber has emphasized the importance of self-regulation, arguing that the organization has far greater resources to monitor wrongdoing than the government.

Glauber also has expressed interest in offering NASD regulatory systems to other exchanges and agencies in the US and abroad.



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