Glossary BG Image

National Association of Securities Dealers (NASD)

Browse Terms By Number or Letter:
Financial Terms By: n
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. The NASD merged with the NYSE's committee that did a similar job. The new organization is called the Financial Industry Regulation Authority or FINRA

Copyright © 2018, Campbell R. Harvey. All Worldwide Rights Reserved. Do not reproduce without explicit permission.