The consolidation of the
“The consolidation of NASD and the NYSE’s member firm regulatory functions is an important step toward making our self-regulatory system not only more efficient, but more efficient in protecting investors,” said Christopher Cox, chairman of the SEC.
Cox stated that the SEC will work closely with FINRA to eliminate unnecessarily duplicative regulation, including consolidating the two different member rulebooks and enforcement systems.
The merged watchdog will be responsible for regulating the
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.