NASD Notice to Members 03-10 - February 2003

NASD Establishes Consultative Committees

Executive Summary

NASD regulatory staff believes that greater industry input into its investigatory process would be particularly valuable in responding to emerging regulatory issues, particularly given the technological and marketplace developments that have taken place over the past few years. To provide staff with a resource for obtaining the benefits of industry expertise during the course of an investigation, NASD has established Consultative Committees, on a pilot basis. NASD also has developed procedures for the operation of these committees that provide staff with flexibility to obtain information from industry representatives without compromising the staff's autonomy in performing its regulatory obligations.

 

Questions concerning this Notice to Members may be directed to Jeffrey S. Holik, Senior Vice President, Member Regulation, at (202) 728-8387, or Katherine A. Malfa, Vice President, Enforcement, at (202) 728-2853.

 

Note: This Notice is superseded by Notice to Members 03-32.