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Simple English definitions for legal terms
NASD
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A quick definition of NASD:
Term: NASD
Definition: NASD stands for National Association of Securities Dealers. It is an organization that regulates and oversees the securities industry in the United States. This means they make sure that companies and individuals who sell stocks, bonds, and other investments follow the rules and treat investors fairly. Think of them like a referee in a game, making sure everyone plays by the rules.
A more thorough explanation:
Definition: NASD stands for National Association of Securities Dealers. It is a self-regulatory organization that oversees the activities of securities firms and brokers in the United States.
Example: If you want to buy or sell stocks, you need to do it through a broker who is a member of NASD. The NASD sets rules and regulations that brokers must follow to ensure that they are acting in the best interests of their clients.
Explanation: The example illustrates how NASD works to protect investors by regulating the behavior of brokers. By requiring brokers to follow certain rules and standards, NASD helps to ensure that investors are treated fairly and that the securities markets operate in a transparent and efficient manner.