The National Association of Securities Dealers Regulation (NASDR) is a non-profit organization that was established in 1996 to regulate and oversee the sales practices and conduct of securities firms, brokers, and dealers in the United States. NASDR is a self-regulatory organization (SRO) that operates under the supervision of the Securities and Exchange Commission (SEC).
NASDR is responsible for enforcing various securities industry regulations, including those governing sales practices, advertising, and the qualification and registration of securities professionals. It sets ethical standards and rules for its members, conducts examinations and audits to ensure compliance, and imposes disciplinary actions against those who fail to meet these standards.
The purpose of NASDR is to promote fair and honest practices in the securities industry, protect investors, and maintain the integrity of the markets. It seeks to foster investor confidence by creating a regulatory framework that encourages transparency and accountability among securities firms and brokers.
As part of its regulatory functions, NASDR operates the Central Registration Depository (CRD), a database that contains information on securities firms, brokers, and their disciplinary history. This information is accessible to the public and provides investors with a means to research and evaluate the background and qualifications of securities professionals before engaging in any investment activities.
Overall, NASDR plays a crucial role in the oversight and regulation of the securities industry, ensuring that the market operates in a fair, transparent, and ethical manner for the benefit of investors and the overall economy.
