Regulator, Don’t Manage Thyself

By | October 9th, 2017|Advisor Insights|

By way of background, the National Association of Securities Dealers – the NASD – was founded in 1939 to oversee the behavior of brokerage firms under the SEC’s watch. In 1971, the self-regulatory association, much to the dismay of its spread-happy member firms, launched the industry’s first electronic stock quotation system: The National Association [...]