NASD today announced that it has named Casey M. Carter as its new Vice President for Government Relations and Scott Borchert as its new State Liaison.
Carter served as Director of the Office of Legislative Affairs for the Securities and Exchange Commission under Chairmen Arthur Levitt and Harvey Pitt, serving as liaison with Congress in the wake of the September 11 terrorist attacks. She later founded Astor Advisors, a Chicago-based consulting firm advising financial services institutions on federal legislative and regulatory initiatives. Carter has also served in legislative affairs positions with the Office of the Comptroller of the Currency and the Resolution Trust Corporation, under the U.S. Department of the Treasury. Carter succeeds Marcia Asquith, who was recently promoted to Vice President and Deputy Corporate Secretary.
Borchert will be responsible for working with state financial services regulators as well as coordinating with state regulatory umbrella organizations, such as the North American Securities Adminstrators Association (NASAA), the National Association of Insurance Commissioners (NAIC) and other groups with a role in the regulation of financial products at the state level. Borchert replaces Chip Jones, who was recently promoted to Vice President for Member Relations. Borchert joins NASD after a 25-year career with the Minnesota Department of Commerce, where he served as director of both the enforcement and registration divisions.
NASD is the leading private-sector provider of financial regulatory services, dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services. NASD touches virtually every aspect of the securities business - from registering and educating all industry participants, to examining securities firms, enforcing both NASD rules and the federal securities laws, and administering the largest dispute resolution forum for investors and registered firms. For more information, please visit our Web site at www.nasd.com.
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