NASD Notice to Members 97-91 - December 1997

NASD Reminds Members of Obligations Under Free-Riding and Withholding Interpretation

Executive Summary

NASD Regulation, Inc., reminds members of their obligations under the Free-Riding and Withholding Interpretation (IM-2110-1) with respect to venture capitalists and the cancellation safe harbor provisions.  This information was previously provided to members through Compliance Desk in a Member Alert dated November 21, 1997.

 

Questions concerning this Notice should be directed to Gary L. Goldsholle, Senior Attorney, Office of General Counsel, NASD RegulationSM, at (202) 728-8104.