NASD Chairman and CEO Robert Glauber has again called for merging the regulation operations of the NASD and New York Stock Exchange. Speaking at the Securities & Investment Institute conference Tuesday in London, Glauber highlighted the conflict of exchanges like the Nasdaq and NYSE becoming for-profit, publicly traded companies. He said the conflict this arrangement creates is simply unmanageable. "In essence, such an exchange is regulating its customers," Glauber added. Glauber's solution of merging the firm regulation operations of both the NYSE with NASD would create a new private-sector regulator to handle the oversight of securities firms. He said that the exchange would then retain responsibility for regulating its trading operations. Such an arrangement said Glauber, would also get regulated firms out from under the weight of dual regulation--saving them collectively more than $100 million per year in regulatory fees and assessments. NYSE spokespersons did not return calls.