NASD Notice to Members 98-002 - January 1998

SEC Approves Amendments to Rule 1010, 8000, and 9000 Series to Reflect Changes in NASD Corporate Organization

Executive Summary

On December 19, 1997, the Securities and Exchange Commission (SEC or Commission) approved various amendments to the Rules of the National Association of Securities Dealers, Inc. (NASD(r) or Association) and a related change to the By-Laws of NASD Regulation, Inc. (NASD RegulationSM) (NASD Regulation By-Laws). The amendments to the Rules include changes in the membership admission Rules, the Rules relating to investigations and sanctions, and the Code of Procedure that conform the Rules to the formal changes in the NASD, NASD Regulation and The Nasdaq Stock Market, Inc. (Nasdaq(r)) corporate and committee structures approved by the SEC on November 14, 1997.