NASD Notice to Members 99-17 - February 1999

SEC Approves Amendments Regarding Application of The Corporate Financing Rule to Certain Offerings by Charitable Organizations

Executive Summary

On December 21, 1998, the Securities and Exchange Commission (SEC) approved amendments submitted by NASD Regulation, Inc. (NASD RegulationSM) to exempt certain offerings by charitable organizations from the filing requirements of National Association of Securities Dealers, Inc. (NASD®) Rule 2710 (the Corporate Financing Rule). The new exemption was effective on December 21, 1998.

 

Questions regarding this Notice may be directed to Suzanne E. Rothwell, Chief Counsel, Corporate Financing Department, NASD Regulation, at (202) 974-2747