National Association Of Securities Dealers

What Does National Association Of Securities Dealers Mean?

The National Association of Securities Dealers (NASD) was an organization responsible for regulating the securities industry. Its role included overseeing the operation and regulation of the NASDAQ stock market, as well as managing over-the-counter markets.

Insuranceopedia Explains National Association Of Securities Dealers

The National Association of Securities Dealers (NASD) was formed in 1939 under the joint sponsorship of the Investment Bankers’ Conference and the Securities and Exchange Commission (SEC).

The NASD played a key role in regulating stock trading from its inception until 2007 when the organization ceased to operate as a standalone entity and merged with the Financial Industry Regulatory Authority (FINRA).