The ___ establishes and updates rules to ensure that member brokers perform their basic functions honestly and fairly.

A) NASD
B) NASDAQ
C) NYSE
D) FDIC

NYSE

The New York Stock Exchange, one of the largest stock exchanges in the world, where stocks of public companies are bought and sold.

NASD

Was a self-regulatory organization for the U.S. securities industry, responsible for regulatory oversight, which is now part of FINRA (Financial Industry Regulatory Authority).

NASDAQ

The National Association of Securities Dealers Automated Quotations, an American stock exchange known for its high concentration of technology companies.