NASD Notice to Members 97-11 - March 1997

NASD Regulation Requests Comment on Proposed Rule Restricting Payment of Referral Fees by NASD Members; Comment Period Expires April 30, 1997

Executive Summary

In the following document, NASD Regulation, Inc. (NASD RegulationSM) requests comment on new NASD® Rule 2460 that would restrict the payment of “finders” or referral fees by NASD members to unregistered third parties for the referral of retail business.

 

Questions concerning this  Request For Comment should be directed to R. Clark Hooper, Senior Vice President, Office of Disclosure and Investor Protection, NASD Regulation, at (202) 728-8325; or Mary N. Revell, Assistant General Counsel, Office of General Counsel, NASD Regulation, at (202) 728-8203.