NASD Notice to Members 03-38 - July 2003

SEC Approves Amendments to NASD Rules Governing Member Communications with the Public

Executive Summary

On May 9, 2003, the Securities and Exchange Commission ("SEC" or "Commission") approved amendments to NASD Rule 2210 (Communications with the Public) and the Interpretive Materials that follow Rule 2210, the creation of new Rule 2211 (Institutional Sales Material and Correspondence), and the renumbering of current Rule 2211 (Telemarketing) as Rule 2212 (collectively, the "Amendments"). The Amendments modernize, simplify, and clarify the rules governing member communications with the public. The Amendments become effective on November 3, 2003.

 

Questions concerning this Notice should be directed to the Advertising Regulation Department, Regulatory Policy and Oversight, at (240) 386-4500.