11.   The group examined ways to improve the operations of the NASD, a self-policing industry body.

12.   The firm failed to disclose this arrangement, the industry body contended.

13.   The industry body accused Stratton of fraudulently marking up securities, poorly supervising its brokers and repeatedly flouting securities rules.

14.   The group examined ways to improve the operations of Nasdaq, a self-policing industry body.

15.   The Japanese have not communicated their view officially to the Semiconductor Industries Association, the U.S. industry body.

16.   The industry body agreed as part of its settlement with the SEC to toughen oversight of Nasdaq.

17.   The industry body is close to a settlement of planned SEC charges for alleged laxity toward large brokerage firms.

18.   The industry body may try to discipline brokers found to have improperly touted stock on the Internet, she said.

19.   The industry body, which polices all U.S. brokers, said it plans to restore those items that should be available to investors under revised NASD guidelines.

20.   The NASD is a self-policing securities industry body.