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Updated from 10:47 a.m.
The much-talked-about plan of creating a single self-regulatory organization for the securities industry is finally coming to fruition.
The NASD and NYSE Group(NYX Quote) officially announced a plan to join their regulatory operations in an attempt to save money and improve consistency in securities oversight.
The two entities signed a letter of intent to consolidate their member regulation operations into a new self-regulatory organization. The Securities and Exchange Commission, the nation's top securities cop, has signed on to the plan, which will dramatically reshape the regulatory landscape. ...
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