NASD Notice to Members 97-78 - November 1997

SEC Approves Rule Relating to Distribution of Information Concerning NASD Regulation’s Public Disclosure Program

Executive Summary

On September 10, 1997, the Securities and Exchange Commission (SEC) approved new National Association of Securities Dealers, Inc. (NASD®) Conduct Rule 2280, Investor Education and Protection, which requires certain NASD members to provide customers with the following information in writing not less than once every calendar year: (1) the NASD Regulation, Inc., Public Disclosure Program hotline number; (2) the NASD RegulationSM Web Site address; and (3) a statement regarding the availability of an investor brochure that includes information describing the Public Disclosure Program.  The new rule is effective January 1, 1998.

 

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