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.