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Mary Schapiro to Take Helm at NASD?

Traders Magazine, March 2005

Gregory Bresiger

Is Mary Schapiro waiting in the wings to succeed NASD Chairman and CEO Robert Glauber? "She's not happy being the number two to him," one source told Traders Magazine. Schapiro, an NASD vice chairman, may get her wish. Glauber, who faced criticism last year for a rash of new regulations, may be coming under pressure. His current term was deliberately truncated to make room for Schapiro's appointment as the top regulator, according to another industry source. Glauber was originally appointed to a three-year term in late 2000, but was recently re-appointed for 12 months. His term is now slated to end late next year. Nancy Condon, a spokeswoman for the NASD, confirmed Glauber's 12-months arrangement, but said "there is nothing unusual in a one-year term."

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