NASD
Categories: Trading, Regulations, Education, Investing
OK sing it with us, people. It’s the...
National
Association
Of (you can, whisper that part)
Securities
Dealers.
NASD is sort of the 12-games-a-year NFL season. It USED to be the thing, the way things were done, the governing body. And it was an SRO, or self-regulating organization. But eventually it just didn’t change with the massively increased demand, and it ended up being replaced as an organization by the much catchier named FINRA, originally sponsored as a bill by Flipper.
So the new song goes...
FINRA, FINRA...we love you...
You stand for:
Financial
Industry
Regulatory
Authority
Yeah. That’s all we got.
It was a pleasure vocalizing with you.