John S. Simmers, CEO of ING Advisors Network, has been nominated to serve on the NASD Board of Governors.
Simmers, who also is a founding member and board member of the Financial Services Institute-a trade group that represents the interests of independent broker-dealers-was previously a member of NASD management.
Simmers, a graduate of Ohio State University, is a past president and director of the California Association of Independent Broker-Dealers and a former member of the Investment Adviser Committee and Independent Firms Committee for the Securities Industry Association. He also served on the Compliance Council, Due Diligence Steering Committee and Broker-Dealer Advisory Council for the Financial Planning Association.
During his time with the NASD, he was vice co-chairman of the District 2 South Business Conduct Committee and member of the District 2 Financial Responsibility Committee.
Simmers is among four nominees to the NASD Board of Governors, for terms of office that that run from February 3, 2006, to January 2009, according to the NASD.
The other nominees are:
David A. DeMuro, managing director and director of Global Compliance and Regulation for Lehman Brothers Inc.
John J. Brennan, chairman and CEO, The Vanguard Group.
Josh S. Weston, chairman and CEO, Automatic Data Processing.