The NASD announced that William Alsover, Jr., who has represented small firms on NASD’s Board of Governors for the last five years, has resigned from his board seat.

At the end of this month, Alsover will begin serving as a consultant to the NASD’s member relations department, assisting with the expansion of its outreach to small firms. The board has put a process in place to ensure small firm representation on the board until a new board is established for the new regulatory body that will be created by the consolidation of NASD and the member regulation operations of New York Stock Exchange Regulation.

Alsover, who was first elected to the board in 2000, also stepped down from his post as chairman of the NASD Small Firm Advisory Board. His new post is part of NASD’s ongoing effort to support small firms.