NASD Notice To Members 97-42 - July 1997

SEC Approves Amendments Relating to the Release of Disciplinary
Information

Executive Summary

On April 22, 1997, the Securities and Exchange Commission (SEC) approved amendments to the Interpretation on the Release of Disciplinary Information (NASD® IM-8310-2). These amendments authorize the release of public information on disciplinary complaints and non-final  disciplinary decisions that present significant investor protection issues, provided that such releases are accompanied by appropriate disclosures concerning the status of the complaint or decision. The effective date of these amendments is June 12, 1997.