NASD Notice to Members 00-12 - February 2000

Amendments Adopted to Clarify the Application of NASD Rules to Offerings Under SEC Rule 504 and Intra-State-Only Offerings

Executive Summary

On December 1, 1999, the Securities and Exchange Commission (SEC) approved amendments submitted by NASD Regulation, Inc. (NASD RegulationSM) that clarify the application of certain National Association of Securities Dealers, Inc. (NASD®) rules to limited offerings under SEC Rule 504 and intra-state-only offerings.


Questions concerning this Notice to Members may be directed to Suzanne E. Rothwell, Chief Counsel, Corporate Financing Department, NASD Regulation, at (202) 974-2700.