At midnight on September 24, 2001, President Bush issued Executive Order 13224 (Executive Order) freezing the property of and prohibiting transactions with persons who commit, threaten to commit, or support terrorism. The order was issued through the United States Treasury Department's Office of Foreign Assets Control (OFAC), and the offices of the Secretaries of State and Treasury and the Attorney General determined the persons and organizations affected.
National Association of Securities Dealers, Inc. (NASD®) members should establish procedures to ensure that they are complying with the rules and regulations set forth by the Treasury Department as outlined below. The OFAC Web Site lists those persons and organizations affected by the Executive Order, as well as those persons, organizations, and countries that the Administration suspects are involved in terrorist activities.
Members should direct questions regarding this Notice to Andrew Labadie, Member Regulation, NASD Regulation, Inc., at (202) 728-8397; or Nancy Libin, Office of General Counsel, NASD Regulation, Inc., at (202) 728-8835.
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