NASD Special Notice to Members 98-014 - January 1998

NASD Requests Comment on Limiting Quotations on Over-the-Counter Bulletin Board (OTCBB) to Securities of Reporting Issuers; Comment Period Expires February 16, 1998

Executive Summary

On December 11, 1997, the National Association of Securities Dealers, Inc. (NASD®) Board of Governors approved the solicitation of comment on a proposed rule that would amend Rule 6530 to limit quotations on the OTC Bulletin Board® (OTCBB) to the securities of issuers that are current in their reports filed with the Securities and Exchange Commission (SEC) or other regulatory authority, and on a proposed rule that would amend Rule 6540 to prohibit a member from quoting a security on the OTCBB unless the issuer has made current filings.