NASD Notice to Members 00-73 - October 2000

SEC Approves Amendments to NASD Membership Rules; Effective Date: November 15, 2000

Executive Summary

On August 15, 2000, the Securities and Exchange Commission (SEC) approved rule changes by the National Association of Securities Dealers, Inc. (NASD® or Association) that amend the Rule 1010 Series (Membership Rules or Rules) which governs the NASD membership application process. The amendments are designed to streamline and reorganize the current rules to make them more efficient for member firms and new applicants while preserving their investor protection function.

 

Questions concerning this Notice may be directed to Jeffrey S. Holik, Vice President and Director of Regulation Policy, Department of Member Regulation, NASD Regulation, at (202) 728-8387, or by e-mail; Allison Reid, Membership Manager, Department of Member Regulation, NASD Regulation, at (202) 728-6954, or by e-mail ; or Gregory Dean, Assistant General Counsel, Office of General Counsel, NASD Regulation, at (202) 728-8159, or by e-mail.