NASD Notice to Members 01-06 - January 2001

NASD Regulation Requests Comment on Member Facilitation of Lending Between Customers; Comment Period Expires February 12, 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 whether member facilitation of lending between customers should be substantially restricted or prohibited. As an alternative, NASD Regulation also is soliciting comment on whether specific risk disclosures should be provided to customers participating in these types of lending activities.

 

Questions concerning the substance of this Notice may be directed to Stephanie M. Dumont, Associate General Counsel, Office of General Counsel, NASD Regulation, Inc., at (202) 728-8176.