NASD Notice to Members 99-45 - June 1999

NASD Provides Guidance on Supervisory Responsibilities

Executive Summary

The National Association of Securities Dealers, Inc. (NASD®) is issuing this Notice to Members as part of its continuing effort to provide members, particularly smaller member firms, with guidance on complying with the rules that govern their conduct. This Notice will focus on those sections of NASD Conduct Rule 3010 (the Rule) that require members to establish a supervisory system and develop and maintain written supervisory procedures.

 

Members are encouraged to contact Stephanie M. Dumont, Assistant General Counsel, NASD Regulation, Inc. (NASD Regulation®) at (202) 728-8176; or Daniel M. Sibears, Vice President, Member Regulation, NASD Regulation, at (202) 728-6911 with questions or comments on this Notice or to suggest topics for future Notices to Members.