NASD Notice to Members 99-26 - April 1999

NASD Will Terminate Form 211 Applications if Applicants do not Respond to NASD Deficiency Letters Within 180 Calendar Days



Executive Summary

The purpose of this Notice to Members is to advise member firms that Form 211 applications, submitted by member firms to demonstrate compliance with Securities and Exchange Commission (SEC) Rule 15c2-11 and National Association of Securities Dealers, Inc. (NASD® or Association) Rule 6740, will be treated as abandoned and the Association will close its files on the matter if a submitting member firm has not responded to a deficiency letter sent to it by the Market Regulation Department staff within 180 calendar days of the date of the deficiency letters.

 

Questions concerning this Notice may be directed to Ken Worm, Assistant Director, Market Regulation Department, NASD Regulation, Inc. (NASD RegulationSM) at (301) 208-2862.