National Association Of Securities Dealers

What Does National Association Of Securities Dealers Mean?

The National Association of Securities Dealers (NASD) was once an organization tasked with regulating the securities industry. Its role was to oversee the operation and regulation of the NASDAQ stock market, as well as over-the-counter markets.

Insuranceopedia Explains National Association Of Securities Dealers

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

The NASD played a major part in regulating stock trading from its inception until 2007. On that year, the organization ceased operating as a stand-alone entity and merged with the Financial Regulatory Authority (FINRA).