Definitions for "District Business Conduct Committee"
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
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.
NASD committee that has original jurisdiction in handling violations by or complaints against NASD members. See: Code of Procedure.