Maloney Act

Also called the Maloney Amendment, provides for the regulation of over-the-counter securities markets through national associations registered with the Securities and Exchange Commission. The Act was passed in 1938 to add Section 15A to the Securities Exchange Act of 1934.

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Helpful Links:

.pdf from FINRA describing the organization of the National Association of Securities Dealers, Inc. (NASD) under the 1938 Maloney Act