Definition 1.
An independent subsidiary of the NASD that regulates the activities of broker/dealers in the over-the-counter industry and The Nasdaq Stock Market. NASDR carries out its regulatory responsibilities through education, examinations, market surveillance, registration of securities personnel, advertising and underwriting reviews, disciplinary actions that violate rules, investigation of customer complaints, and forums to resolve disputes. NASDR also regulates the sale of mutual funds, direct participation programs, and variable annuities.
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