National Association of Securities Dealers


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National Association of Securities Dealers (NASD)

Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market.

Financial Industry Regulatory Authority

A self-regulatory organization that assists the SEC in regulating financial markets, notably exchanges and companies that deal with securities. Among other duties, FINRA enforces rules, arbitrates disputes, and provides training and licensing services. Contrary to the belief of some, it is not a government agency. It was created in 2007 with the merger of the National Association of Securities Dealers and the NYSE regulatory board.

National Association of Securities Dealers (NASD)

An association of over-the-counter brokers and dealers that establishes legal and ethical standards of conduct for its members. NASD was established in 1939 to regulate the OTC market in much the same manner as organized exchanges monitor actions of their members. One major advantage to membership is that members sell securities at wholesale to other members but at retail to nonmembers. See also Rules of Fair Practice, Uniform Practice Code.
What actions should I take if I feel my broker has acted inappropriately?

Inappropriate actions by a broker should be reported to the office manager. If nothing is done to solve the problem, a complaint can be filed with the firm's compliance department or the National Association of Securities Dealers. Information about filing a complaint with NASD can be found on the organization's website, www.nasdr.com.

George Riles, First Vice President and Resident Manager, Merrill Lynch, Albany, GA
References in periodicals archive ?
Fifteen local companies traded on Nasdaq's Over-the-Counter Bulletin Board, and all but three already meet new, more stringent filing requirements by the National Association of Securities Dealers.
a member of the National Association of Securities Dealers (NASD) and Securities Investment Protection Corporation (SIPC).
NYSE: PRU) today confirmed that Prudential Equity Group, LLC has reached a settlement with the United States Attorney for the District of Massachusetts, the Secretary of the Commonwealth of Massachusetts, the Securities and Exchange Commission, the National Association of Securities Dealers, the New York Stock Exchange, the New Jersey Bureau of Securities and the New York Attorney General's Office in connection with their investigations into market timing related activities involving the former retail broker-dealer business at Prudential Securities, Inc.
She also held various positions with the National Association of Securities Dealers (NASD) from 1986 to 1992.
RE Securities, LLC is a licensed broker-dealer and member of the National Association of Securities Dealers (NASD).
Securities and Exchange Commission and a member of the New York Stock Exchange, the National Association of Securities Dealers, Inc.

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