Financial Dictionary		Atlantic Financial Investment Word
National Association of Securities Dealers (NASD)

Prior to July 2007, The National Association of Securities Dealers (NASD) was the self regulatory body of the securities industry.  The NASD was responsible for monitoring and establishing supervisory procedures for brokers. In order to act as a broker individuals must pass a licensing procedure with the NASD.

In July 2007 the NASD and the member regulation enforcement & arbitration functions of the New York Stock Exchange, were consolidated to form FINRA.