The Independent Broker-Dealer Association, Inc. (IBDA) officially filed 309 nominating petitions for its independent slate of candidates for the upcoming December 1998 NASD Board of Governors election. Additional petitions are still being received at IBDA and will be filed accordingly.

Under the NASD's election rules, for a candidate to appear on the organization's ballot, three percent of the Executive Representatives of the members -- 167 signatures out of the NASD's 5,570 active members -- must sign a nominating petition. IBDA, in conjunction with the California Association of Independent Broker Dealers (CAIBD), launched a grassroots campaign to secure nominating petitions and quickly obtained the minimum number of nominating signatures.

The IBDA/CAIBD nominees are

• M. LaRae Bakerink: Compliance Director of SK International Securities Corporation
• Alan Davidson: President of Zeus Securities, Inc. and IBDA
• Dan Jamieson: Editor in Chief of Registered Representative Magazine