NASD
NASD is a short for National Association of Securities Dealers. NASD is the organization that is responsible for regulation of the over-the-counter markets and NASDAQ.
NASD can exclude its members of they do not obey the NASD Regulations, but it has no power to take any legal actions against them.
| Related Terms: Churning Running Ahead NASDAQ Self-Regulatory Organization - SRO Boiler Room Series 55 |