Tag: commission
National Securities Markets Improvement Act (NSMIA)
What is 'National Securities Markets Improvement Act - NSMIA' Passed by the U.S. Congress in 1996, the NSMIA was an attempt to...
Half Commission Man
What is 'Half Commission Man' A half commission man is an individual who introduces clients to stock brokers or other market professionals...
A. Michael Spence
DefinitionAndrew Michael Spence is an American economist and recipient of the 2001 Nobel Memorial Prize in Economic Sciences, along with George Akerlof and Joseph...
NASD Rule 2790
What is 'NASD Rule 2790' A ruling passed by the National Association of Dealers (NASD), a self-regulating organization, prohibiting certain individuals from...