National Securities Markets Improvement Act Of 1996 (NSMIA)

Definition

Legislation passed by Congress in 1996 that created the Securities & Exchange Commission (SEC) as the sole licensing, registration, and regulatory authority for securities traded on national markets. States retained the right to prosecute fraud and to license and regulate activities restricted to an individual state.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
National Securities Clearing Corporation National Securities Trade Association