National Association of Securities Dealer: Difference between revisions
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The '''National Association of Securities Dealers''' ('''NASD''') was a United States self-regulatory organization (SRO) responsible for regulating the securities brokerage industry and overseeing the activities of broker-dealers. Established in 1939 pursuant to the [[Maloney Act of 1938]], an amendment to the [[Securities Exchange Act of 1934]], the NASD operated under the supervision of the [[U.S. Securities and Exchange Commission]] (SEC). Headquartered in [[Washington, D.C.]], the organization was created to promote ethical business practices, protect investors, and ensure fair and orderly operation of the over-the-counter (OTC) securities market. | The '''National Association of Securities Dealers''' ('''NASD''') was a United States self-regulatory organization (SRO) responsible for regulating the securities brokerage industry and overseeing the activities of broker-dealers. Established in 1939 pursuant to the [[Maloney Act of 1938]], an amendment to the [[Securities Exchange Act of 1934]], the NASD operated under the supervision of the [[U.S. Securities and Exchange Commission]] (SEC). Headquartered in [[wikipedia:Washington, D.C.|Washington, D.C.]], the organization was created to promote ethical business practices, protect investors, and ensure fair and orderly operation of the over-the-counter (OTC) securities market. | ||
The NASD regulated brokerage firms and registered securities representatives through rulemaking, licensing, examinations, market surveillance, enforcement actions, and dispute resolution. It administered qualification examinations for securities professionals, monitored compliance with securities laws, investigated market misconduct, and operated arbitration and mediation services for disputes involving investors and broker-dealers. The organization also developed and enforced standards governing sales practices, advertising, customer protection, and professional conduct throughout the U.S. securities industry. | The NASD regulated brokerage firms and registered securities representatives through rulemaking, licensing, examinations, market surveillance, enforcement actions, and dispute resolution. It administered qualification examinations for securities professionals, monitored compliance with securities laws, investigated market misconduct, and operated arbitration and mediation services for disputes involving investors and broker-dealers. The organization also developed and enforced standards governing sales practices, advertising, customer protection, and professional conduct throughout the U.S. securities industry. | ||