Monday, July 30, 2007

It's Official - FINRA is the New Regulatory Organization

Effective today, the regulatory arms of the NASD and the NYSE are merged, and FINRA comes to life. The headline above links to the press release from this morning announcing the change.

Interesting side note - the entire NASD site is now in the domain finra.org, every document has a finra.org URL, and ever page uses the FINRA logo. You gotta admire the determination of the NASD and its web site developers. Unless they did a great deal of planning for a name change years ago, that was an enormous amount of work to get everything changed over to the new name.

Not bad for a quasi-governmental agency.

Now we will see how the merger affects firms and brokers. Lets keep our fingers crossed that the transition is as smooth in real life as it was on the web.
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