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NASD Firms OK Regulatory Deal

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Members of the National Association of Securities Dealers Inc. have approved an agreement to combine NASD regulatory operations with those of the New York Stock Exchange.

About 83% of the 5,058 firms that were eligible to vote voted, and 64% of the firms that voted supported the by-law changes needed to allow the combination, according to the NASD, Washington.

The by-law changes still must be approved by the U.S. Securities and Exchange Commission, NASD officials say.