NASD
The National Association of securities Dealers (NASD) is a selfregulatory securities industry organization responsible for the operation and regulation of the nasdaq stock market and over the-counter (OTC) markets. The NASD investigates complaints against member firms and tries to ensure that all of its members adhere to both its own standards and those laid out by the sec. The NASD has the power to expel its members from an exchange in the case of wrongdoing, but it cannot take legal action against a member other than by reporting it to the sec. The association is run by a board that takes half of its representatives from the securities industry and half from the public. |
Similar financial terms
Nasdaq 100The Nasdaq 100 is based on 100 stocks using the National Association of Securities Dealers Automatic Quotations service.
NASDAQ
The National Association of Securities Dealers Automatic Quotations Service consists of over 3,000 companies that have a national or international shareholder base, have applied for listing, meet stringent financial requirements and agree to specific corporate governance standards. To list initially, participators are required to have significant net tangible assets or operating income, a minimum public float of 500,000 shares, at least 400 shareholders, and a bid price of at least $5. The Nasda ...
