NASD Notice to Members 06-06 - January 2006

NASD Requests Comment on Proposed Interpretive Material IM-3060 Addressing Gifts and Business Entertainment; Comment Period Expired February 23, 2006

Executive Summary

NASD is proposing interpretive material (IM) to Rule 3060 (Influencing or Rewarding Employees of Others) to more explicitly outline the policies and procedures a member must adopt in connection with its business entertainment practices with employees of a customer. The proposed IM would expand on and supersede prior staff guidance in this area.


Hard copy comments should be mailed to Barbara Z. Sweeney. Questions regarding this Notice may be directed to Gary L. Goldsholle, Associate Vice President and Associate General Counsel, Office of General Counsel, NASD Regulatory Policy and Oversight, at (202) 728-8104.


The comment period was extended to March 3, 2006.

View Full Notice PDF 51 KB

The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments.

Comments By Date Received
Pinnacle Taxx Advisors, Inc. (PDF 30 KB) 1/26/2006
Keefe, Bruyette & Woods (PDF 58 KB) 1/26/2006
Private Bank Compliance (PDF 29 KB) 1/30/2006
Evolve Securities, Inc. (PDF 44 KB) 1/31/2006
Seasongood & Mayer, LLC (PDF 103 KB) 2/2/2006
Plexus Consulting (PDF 28 KB) 2/6/2006
Dominion Investor Services, Inc. (PDF 19 KB) 2/13/2006
NRS (PDF 262 KB) 2/15/2006
T. Rowe Price Investment Services, Inc. (PDF 191 KB) 2/21/2006
Maplewood Investment Advisors, Inc. (PDF 44 KB) 2/22/2006
Financial Services Institute (PDF 74 KB) 2/22/2006
Coker Palmer Phillips & Mullen (PDF 30 KB) 2/23/2006
Griffin, Kubik, Stephens & Thompson (PDF 30 KB) 2/23/2006
Investment Company Institute (PDF 64 KB) 2/23/2006
Financial Network (PDF 37 KB) 2/23/2006
ING Americas (PDF 355 KB) 2/23/2006
Transamerica Financial Advisors, Inc. (PDF 17 KB) 2/23/2006
HD Vest Investment Services (PDF 278 KB) 2/23/2006
National Society of Compliance Professionals, Inc. (PDF 47 KB) 2/23/2006
Hines Real Estate Securities, Inc. (PDF 70 KB) 2/23/2006
Griffen, Kubik, Stephens & Thompson, Inc. (PDF 10 KB) 3/2/2006
Goodwin Browning & Luna Securities, Inc. (PDF 30 KB) 3/3/2006
Neal E. Nakagiri (PDF 33 KB) 3/3/2006
Debevoise & Plimpton LLP (PDF 156 KB) 3/3/2006
Wachovia Capital Markets, LLC (PDF 30 KB) 3/3/2006
Bond Market Association (PDF 52 KB) 3/3/2006
ABA Securities Association (PDF 103 KB) 3/3/2006
Transamerica Capital, Inc. (PDF 26 KB) 3/3/2006
Securities Industry Association (PDF 204 KB) 3/7/2006