NYSE, NASD Agree To Create Single Regulator

Law360, New York (November 28, 2006, 12:00 AM EST) -- The National Association of Securities Dealers and NYSE Group Inc. are one step closer to creating a single regulator to police U.S. markets after executives from both organizations signed a letter committing to consolidation.

The two self-regulatory organizations have agreed to streamline private-sector regulation by combining their efforts and creating one body to govern broker-dealers.

The letter, which is non-binding, has already been approved by both the NASD board of governors and the boards of directors of NYSE Regulation and NYSE Group, although certain modifications must...
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