NASD Board Of Governors Votes To Spin Off Nasdaq
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NEW YORK AND WASHINGTON--The National Association of Securities Dealers Inc. (NASD) announced last week that the Board of Governors "unanimously approved a preliminary plan for a major restructuring." That plan could be the first step toward converting the Nasdaq Stock Market to a private for profit corporation and, according to a Nasdaq spokesperson, the next step toward splitting NASD from Nasdaq.
"We're not announcing anything specific about the structure," says Nasdaq spokesperson Andy
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