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NASD chief calls for hybrid market regulator

NASD and NYSE Regulation, the US market regulators, remained at odds regarding the future of policing brokerage firms as NASD chief Robert Glauber voiced full support for a powerful hybrid overseer.

In a speech delivered before the Securities Industry Association Small Firms Forum, NASD chairman and chief executive Robert Glauber said: "NYSE and NASD ought to form a partnership to manage the regulation of the roughly 200 firms that are now jointly regulated by us and them."

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