Letters to NASD Members

January 7, 2003

 

Dear Small Member Firm:

 

On behalf of the NASD Small Firm Advisory Board (SFAB), I am writing to update you on the progress made by the SFAB and NASD staff in the past few months on issues that are of importance to you.

 

As you may know, Lou Denton, the SFAB Vice Chairman, and I, as well as several other SFAB members, attended many of NASD's member meetings recently held throughout the country. Additionally, many SFAB members participated in NASD Regional Committee meetings during the year. As a group, we also took active roles in the Securities Industry Association's (SIA) Small Firms Conference and NASD's Spring and Fall Securities Conferences where we participated as attendees and speakers. During these events we had an opportunity to speak with many of you and to listen to your feedback.

 

In response, the SFAB and NASD staff have put together a list of items that we recognize as particularly important to the small firms in the securities industry. These are items upon which the SFAB and small firm members should focus as we collaborate with NASD staff in the coming year. This list is fluid and will change from time to time. While developing the list, we tried to prioritize the topics to help the SFAB focus on issues that are key to small firms. We encourage your suggestions regarding additional topics.

 

Please let us know if there are any other issues of particular interest to you. You may also want to take a look at our Small Firm Information.

 

Best regards,

 

Bill Alsover
Chairman
NASD Small Firm Advisory Board