What is the role of the NASD in regulating the securities industry?

The National Association of Securities Dealers (NASD) has the responsibility of regulating the securities industry in the state of Virginia. The NASD has a wide range of duties it must perform in order to ensure that securities and investments are carried out in accordance with the laws and regulations of the state. The NASD monitors and examines securities firms and organizations that are licensed to do business within Virginia. It also evaluates and enforces the rules and regulations established by the Securities and Exchange Commission (SEC) in order to ensure that investments are properly safeguarded and protected from fraud. The NASD also monitors the trading and reporting of securities to ensure that they are traded fairly. Furthermore, the NASD investigates complaints that are filed against companies that have been accused of breaking securities laws or engaging in fraud. It also has the power to issue fines, impose sanctions, and suspend or terminate the licenses of brokerage firms that do not comply with regulations. Finally, the NASD works with Virginia state agencies and the SEC to provide education and resources for investors about investment fraud law. The NASD also provides investors with resources to help them spot investment fraud and protect themselves from it. By providing investors with access to resources and helping to monitor the securities industry in Virginia, the NASD helps to ensure that investments in the state are properly safeguarded.

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