Corporations: NASDAQ: national securities exchange.

Existing law regulates the operations of corporations, including, without limitation, elections of boards of directors and qualification with the Commissioner of Corporations of securities offerings in specified transactions, based on, among other things, whether a security is traded on a national securities exchange or is listed on the National Market System of the NASDAQ Stock Market. Existing law governing broker-dealers, investment advisers, and investment adviser representatives references the National Association of Securities Dealers. This bill would change references to the NASDAQ Stock Market to reflect existing federal law designating that market as a national securities exchange. The bill would change references to the American Stock Exchange to reflect its current name, the NYSE Amex. The bill would also change references to the National Association of Securities Dealers to reflect its current name, the Financial Industry Regulatory Authority, and make other technical and conforming changes.