NASD Notice to Members 01-45 - July 2001

NASD Regulation Requests Comment on Proposed Amendments to Rule 2210, Communications With the Public; Comment Period Expires August 15, 2001

Executive Summary

NASD Regulation, Inc. (NASD RegulationSM) requests comment from National Association of Securities Dealers, Inc. (NASD®) members, investors, and other interested parties on a proposed amendment to NASD Rule 2210, Communications with the Public, that would strengthen disclosures required when a member recommends a security in written advertisements and sales literature. The proposed amendment also would require, for the first time, similar disclosures for recommendations made by a research analyst or other associated person during a public appearance. The proposal would define public appearance to include radio or television interviews, seminars, and interactive electronic forums.

 

Questions concerning this Notice to Members­Request For Comment may be directed to Thomas M. Selman, Senior Vice President, Investment Companies/Corporate Financing, at (240) 386-4533; Joseph P. Savage, Counsel, Investment Companies Regulation, at (240) 386-4534; or Philip Shaikun, Assistant General Counsel, Office of General Counsel, NASD Regulation, at (202) 728-8071.