NASD and NYSE to consolidate regulatory operations

• By merging regulatory operations of NASD and NYSE Group into a single self-regulatory organization (SRO)

• Creates a single regulator for 5,000 brokers and dealers
• Expected to be operational close in 2Q 2007
• Will eliminate duplication and reduce costs

Supported by SEC

• SEC Chairman statement

Announced 11.28.06

• NASD website
• NYSE website

Other  announcement materials

• NASD webpage
• Fact sheet

Approved by brokerages 

• NASD press release  1.21.07

News items

• Bloomberg

NASD Topic Page