NASD Notice to Members 02-49 - August 2002

NASD Adopts Amendments to IM-8310-2 Concerning Release of Disciplinary Information to the Public; Implementation Date: September 1, 2002

Executive Summary

NASD has adopted amendments to NASD Interpretative Material 8310-2 (IM- 8310-2), concerning the release of disciplinary information to the public. The amendments (1) clarify the circumstances under which NASD will release redacted information with respect to both Hearing Panel and Extended Hearing Panel decisions issued under the Rule 9200 Series (hereafter referred to as Hearing Panel decisions), and National Adjudicatory Council (NAC) disciplinary decisions issued under the Rule 9300 Series; and (2) conform the timing for the release of unredacted disciplinary information to the timing for the release of redacted disciplinary information with respect to Hearing Panel and NAC decisions.

 

The amendments were filed with the Securities and Exchange Commission (SEC) on July 31, 2002. Pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934 and SEC Rule 19b-4(f)(6) thereunder, the amendments became effective upon filing. The NASD will implement the amendments to IM-8310-2 on September 1, 2002.

 

Questions concerning this Notice may be directed to Manly Ray, Supervisory Paralegal, Office of Hearing Officers, at (202) 728-8202, or Shirley H. Weiss, Associate General Counsel, Office of General Counsel, NASD Regulatory Policy and Oversight, at (202) 728-8844.