NYSE And NASD: There's A New Sheriff In Town

Tuesday, 28 Nov 2006 | 3:43 PM ET

A new stock market regulatory agency is about to ride into town. The New York Stock Exchange and the NASD are announcing plans to combine their regulatory operations--and make the world's largest securities watch dog.

SEC Chairman Christopher Cox says this is a win win for investors and Wall Street. His comment airs on Closing Bell.

It's supposed to begin regulating in the second quarter of next year-- and help end a turf war over cutting compliance costs for Wall Street firms. This should also help "police" the ever-complex financial markets--so they say.

For the full story:

NYSE/NASD Agreement
SEC Chmn. Michael Cox talks about the new combined regulator for the New York Stock Exchange and the Nasdaq.



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  • With almost 30 years experience in business television, Bill Griffeth is co-anchor of the 3 p.m. ET hour of CNBC's "Closing Bell."

  • Kelly Evans

    Kelly Evans is an on-air correspondent, reporting across CNBC's business day programming. She is co-anchor of CNBC's "Squawk on the Street."