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NASD APPOINTS ALDEN ADKINS DIRECTOR OF INTERNAL REVIEW

 NASD APPOINTS ALDEN ADKINS DIRECTOR OF INTERNAL REVIEW
 WASHINGTON, Feb. 12 /PRNewswire/ -- Alden Adkins has been named by the National Association of Securities Dealers, Inc. (NASD), to be its director of internal review, it was announced today. He is currently chief of the Office of Automation and International Markets in the SEC's Division of Market Regulation.
 The Internal Review Department regularly monitors all the NASD's regulatory and market functions, including district operations, market surveillance, market operations, member qualification procedures, NASDAQ listing procedures, programs for monitoring the financial and operational soundness of members, and the practices followed in reviewing members' advertising and underwriting arrangements. The department will also monitor the NASD's arbitration program, its rule filings with the SEC, and its equal employment opportunity practices on a companywide basis. Finally, pursuant to the Securities and Exchange Commission's Automation Review Policy, the department will be given responsibility for coordinating the review of the NASD's automation capacity and vulnerability.
 The purpose of Internal Review is to examine internal practices and procedures, identify problems and recommend changes to improve a process or correct backlogs. In effect, the department serves as the quality control unit for the organization.
 During his 10-year tenure at the SEC, Adkins served in a number of managerial positions with responsibilities that included automation reviews, oversight of the National Market System, regulation of proprietary systems and options regulation. From September 1987 to June 1989, he was special counsel to the chairman of the SEC, David Ruder. He received his J.D. from the Washington College of Law of American University, and a B.A in classics from Johns Hopkins University. Because of Adkins' extensive experience, he will serve as an adviser on legislative, regulatory and market policy issues.
 -0- 2/12/92
 /CONTACT: Robert Ferri of the National Association of Securities Dealers, 202-728-8955/ CO: National Association of Securities Dealers ST: District of Columbia IN: SU: PER


TW -- DC019 -- 9247 02/12/92 12:41 EST
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Date:Feb 12, 1992
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