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Finance: What is NASD? 4 Views


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Description:

NASD is the National Association of Securities Dealers, a self-regulating organization that was ultimately replaced by FINRA.

Language:
English Language

Transcript

00:00

finance a la Shmoop what is NASD okay sing it with me people it's the National

00:09

Association of Securities Dealers yeah that's how we sing around here sorry

00:15

NASD is sort of the twelve games a year NFL season it used to be the thing the [NFL player dancing]

00:21

way things were done the the governing body and it was an SRO or [conference room]

00:26

self-regulating organization but eventually it just didn't change with

00:31

the massively increased demand for oversight and services and value-add and

00:36

it ended up being replaced as an organization by the much catchy er named [NSDA poster covered by FINRA]

00:40

finra originally sponsored as a bill by flipper so the new song goes finra we

00:46

love you you stand for Financial Industry Regulatory Authority okay [family together in home]

00:53

that's all we got it was a pleasure vocalizing with you and we'll try not to

00:57

do that again

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