NASD and NYSE combine to form FINRA
Merger creates securities biggest self-regulatory organisation
The National Association of Securities Dealers (NASD) and the New York Stock Exchange (NYSE) Regulation division have merged to create a new self-regulatory body, the Financial Industry Regulatory Authority (FINRA).
The new body, which commenced operations yesterday, claims to be the largest non-governmental regulatory organisation for securities broker-dealers doing business in the US.
NASD and NYSE Regulation’s plans to consolidate their operations were announced in November 2006, and approved
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