The Financial Industry Association and the Independent Broker-Dealer Association, which both represent small broker/dealer firms, called for the resignation of Mary Schapiro, who threw her support behind a plan to merge the regulatory functions of the NASD and the New York Stock Exchange. The chairwoman of the National Association of Independent Broker-Dealers, LaRae Bakerink, said a vote of confidence is an "irrational" act by the outspoken groups and that Schapiro has been responsive to small firms' concerns.

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