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.

BREAKING DOWN '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.

  1. Dealer

    A person or firm in the business of buying and selling securities ...
  2. Covered Security

    A class of securities, created by the National Securities Market ...
  3. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  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. Crowding Out Effect

    An economic theory stipulating that rises in public sector spending ...
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