Comments on NASD Notice to Members 05-25

Against any amendment even though is would result in more fee income to NASD and another exam item.
 
If the advisertising is false and misleading it will be picked up in an exam. Why would the NASD apply this to only new lines of business a member decides to under take.
 
Does the member not know its products ?
 
A change in business mix requires district approval at the inception..........Right
 
 
Frank Dealy
exadv@msn.com