National Association of Securities Dealers (NASD)
Definition of 'National Association of Securities Dealers (NASD)'
The NASD was a private organization, but it was overseen by the Securities and Exchange Commission (SEC). The NASD's mission was to protect investors by ensuring that the OTC market was fair, orderly, and efficient. The NASD did this by setting rules and regulations for the OTC market, and by enforcing those rules and regulations.
The NASD also provided a variety of services to its members, including clearing and settlement services, and research and education services.
In 2007, the NASD merged with the New York Stock Exchange (NYSE) to form the Financial Industry Regulatory Authority (FINRA). FINRA is the largest self-regulatory organization in the United States.
The NASD was a significant player in the regulation of the U.S. securities industry. Its merger with the NYSE created the largest self-regulatory organization in the United States.
Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.
Is this definition wrong? Let us know by posting to the forum and we will correct it.