NASD-NYSE alliance moves forward
NASD’s membership recently voted in favor for bylaw changes to enable an NASD-NYSE joint regulator.
NASD’s membership recently voted in favor for bylaw changes to enable an NASD-NYSE joint regulator. The approval follows the two organizations’ announcement that they intend to jointly create a single entity to oversee all brokers. The intent is to increase the efficiency and consistency of securities industry oversight and reduce regulatory costs. The new self-regulatory organization is expected to begin operations in the spring. To track the consolidation’s process, visit http://www.nasd.com/regulatoryconsolidation/index.htm
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