NASD
Last reviewed: September 2, 2026
NASD stands for the National Association of Securities Dealers, a former U.S. securities self-regulatory organization.
What happened to NASD?
NASD no longer operates under that name. In 2007, NASD and the member-regulation functions of the New York Stock Exchange were consolidated to form FINRA, the Financial Industry Regulatory Authority.
Why the term still appears
Older brokerage documents, enforcement actions, rules and financial books may refer to NASD. When researching a current broker or securities rule, FINRA is generally the relevant modern organization.
Sources and further reading
- FINRA — current self-regulatory organization.