NASD Notice to Members 06-31 - June 2006

NASD Requests Comment on Regulatory Relief that Should Be Granted in Response to a Possible Pandemic or Other Major Business Disruption; Comment Period Expires July 31, 2006

Executive Summary

NASD recognizes that, in the event of a global pandemic or similar disaster, some level of regulatory flexibility may be necessary to allow firms to best serve investors and maintain market stability. NASD also understands that investor protection is perhaps most critical during times of financial and social stress. To help NASD strike the appropriate balance, we are soliciting comment from members and other interested persons regarding what specific, short-term regulatory relief may be appropriate and consistent with NASD's mission, and what specific conditions may warrant such relief.

 

As noted above, hard copy comments should be mailed to Barbara Z. Sweeney. Questions concerning this Notice may be directed to Eric Moss, Vice President and Director of Emerging Regulatory Issues, at (202) 728-8982.

 

The comment period has been extended to September 15, 2006.

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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
Sanford C. Bernstein & Co., LLC 6/29/2006
Prudential 7/10/2006
Prudential 7/14/2006
TBT Securities, L.C. 9/8/2006
Dreyfus Service Corporation (PDF 67 KB) 9/14/2006
Janney Montgomery Scott, LLC (PDF 38 KB) 9/15/2006
Financial Services Institute (PDF 62 KB) 9/15/2006
ACLI (PDF 136 KB) 9/16/2006
The Bond Market Association & Securities Industry Association (PDF 35 KB) 9/18/2006