NASD Notice to Members 01-19 - March 2001

SEC Approves Trade Reporting for PORTAL Securities; Effective June 16, 2001 for PORTAL Equity Securities

Executive Summary

On March 6, 2001, the Securities and Exchange Commission (SEC) approved amendments to the rules of The PORTAL® Market (PORTAL rules) to require that National Association of Securities Dealers, Inc. (NASD® or Association) members submit trade reports of secondary market transactions in PORTAL-designated equity securities through the Automated Confirmation Transaction Service® (ACT) and of PORTAL-designated debt securities pursuant to rules that require members to report secondary market transactions in eligible fixed income securities to the NASD, currently referred to as the "TRACE rules."

 

Questions concerning reporting for PORTAL equity securities may be directed to Lucy Pasqua, Supervisor, Nasdaq Market Operations, at (203) 378-0166. Questions concerning reporting for PORTAL debt securities may be directed to Justin Tubiolo, Vice President, Fixed Income Department, NASD, at (212) 858-4419 or to Sharon K. Zackula, Assistant General Counsel, Office of General Counsel, NASD Regulation, at (202) 728-8985..