What Does National Association of Securities Dealers (NASD) Mean?
The self-regulatory organization (SRO) of the securities industry responsible for the operation and regulation of the Nasdaq stock market and over-the-counter markets. It also administers the licensing examinations for investment professionals, such as the Series 63, Series 6, and Series 7 examinations. Investopedia explains National Association of Securities Dealers (NASD) The NASD watches over the Nasdaq to make sure the market operates fairly and efficiently. In 2007, the NASD merged with the New York Stock Exchange’s regulation committee to form the Financial Industry Regulatory Authority (FINRA).
