With an end to the speculation, the NASD and NYSE hanve announced that their requlatory arms will merge.
Mary Shapiro of the NASD will become the head of the new entity, will combine the member regulation, arbitration and enforcement units of the two entities.
The merger is expected to be effective in the second quarter of 2007 and is anticipated to save tens of millions of dollars.
Not to mention the saved time and energy in no longer dealing with two sets of rules, regulations and regulatory strategy.
