When the NASD and NYSE Regulation (the arm of the New York Stock Exchange that deals with regulatory issues) merge, the new organization will be known as the Securities Industry Regulatory Authority. NASD CEO and Chairman Mary Schapiro, who will head SIRA, announced the new name in a speech at the Exchequer Club in Washington, D.C., last month. Schapiro said that the new regulatory body, with a combined staff of more than 3,000, “is committed to reducing regulatory costs for all firms while ...

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