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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Maloney Act  

Definition 1.

1938 legislation amending the Securities Exchange Act that regulates the OTC market.
 

Definition 2.

Also called the Maloney Amendment, provides for the regulation of over-the-counter securities markets through national associations registered with the Securities and Exchange Commission. The act was passed in 1938 to add Section 15A to the Securities Exchange Act of 1934. The National Association of Securities Dealers, Inc., is the only association ever to register under the act.
 
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