See District Business Conduct Committee

District Business Conduct Committee. The local enforcement arm of NASD. DBCCs are composed of the securities industry members who are elected to their positions by their fellow professionals to enforce compliance with the NASD By-Laws and Rules of Fair Practice, federal securities laws, rules and regulations, the rules of the Municipal Securities Rulemaking Board, and other applicable securities regulations. Each of NASD's 11 Districts elects a DBCC.

DISTRICT BUSINESS CONDUCT COMMITTEE. NASD committee that has original jurisdiction in handling violations by or complaints against NASD members. See: Code of Procedure.

District Business Conduct Committee. Part of the NASD that investigates, reviews, and renders a verdict on customer complaints or other industry improprieties.

National Association of Securities Dealers (NASD) committee that has jurisdiction in handling complaints against, or violations by NASD members within its district. See: National Association of Securities Dealers