National Securities Markets Improvement Act - NSMIA

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DEFINITION of 'National Securities Markets Improvement Act - NSMIA'

Passed by the U.S. Congress in 1996, the NSMIA was an attempt to update and amend previous security acts and create one uniform code that companies and regulators could follow.

INVESTOPEDIA EXPLAINS 'National Securities Markets Improvement Act - NSMIA'

This bill deals with securities, brokers, advisors, and dealers. Its goal is to provide a federally imposed set of rules, instead of having to deal with each individual state's rules and regulations.

RELATED TERMS
  1. Dealer

    A person or firm in the business of buying and selling securities ...
  2. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  3. Covered Security

    A class of securities, created by the National Securities Market ...
  4. Broker

    1. An individual or firm that charges a fee or commission for ...
  5. Agent

    1. An individual or firm that places securities transactions ...
  6. Separation Of Powers

    An organizational structure in which responsibilities, authorities, ...
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