National Securities Markets Improvement Act - NSMIA
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. |
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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. |
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