NASD Notice to Members 02-33 - June 2002

SEC Approves Amendments to NASD Rule 2260 Requiring Broker/Dealers to Forward Information Regarding Debt Securities to Beneficial Owners

Executive Summary

On April 11, 2002, the Securities and Exchange Commission (SEC) approved amendments to NASD Rule 2260 that require a broker/dealer to make reasonable efforts to forward promptly communications regarding a debt security to the beneficial owner of such security.

 

The text of the amendments as provided in Attachment A become effective on July 9, 2002.

 

Questions concerning this Notice may be directed to Sharon K. Zackula, Assistant General Counsel, at (202) 728-8985.