The National Association of Securities Dealers of Washington has won a legal battle against a publisher who uses NASDR data about broker/dealers. A federal court in Florida dismissed a lawsuit brought by the publisher, Edward Siedle, who demanded access to NASDR data, saying NASDR could restrict information that appears on its public disclosure Web site and how that information can be used.

But in a twist, the NASDR is poised to offer more data about regulatory violations by NASD member firms that Siedle uses in his directory, which he started publishing last summer. The 1,600-page, $850 directory is targeted to mutual fund companies, pension funds and other institutions that invest through broker-dealers.

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