NASD Notice to Members 02-04 - January 2002

NASD Regulation Asks Members Immediately To Adopt "Best Practice" Of Requiring Investors To Sign A Disclosure Document As Part Of A Subordination Loan Agreement

Executive Summary

NASD Regulation, Inc. (NASD RegulationSM) is proposing a rule requiring National Association of Securities Dealers, Inc. (NASD®) members to obtain a signed Subordination Agreement Investor Disclosure Document (Disclosure Document) from an investor before entering into, or reviewing, a subordination agreement with an investor.

 

Questions concerning this Notice may be directed to Susan DeMando, Director, Financial Operations, Member Regulation, NASD Regulation, at (202) 728-8411; or Shirley H. Weiss, Associate General Counsel, Office of General Counsel, NASD Regulation, at (202) 728-8844.