Rules Of Fair Practice
A set of rules and regulations developed by the National Association of Securities Dealers (NASD). The rules are a standard which members of the NASD must follow regarding their duties to customers. Investopedia Says:
Since the NASD is a self-regulatory organization the rules it enforces must be followed in addition to any commercial securities laws that have been passed. In a broad view, the Rules of Fair Practice cover the fair dealing, duty of loyalty, obligation of disclosure and other duties stockbrokers provide to their customers. Related Terms:
Disclosure
Hedge Clause
National Association of Securities Dealers - NASD
Regulation Fair Disclosure - Reg FD
Securities And Exchange Commission - SEC
Self-Regulatory Organization - SRO
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