Regulation
SR-NASD-1999-004
Microcap Initiative - Proposed Recommendation Rule
NASDR is filing with the SEC a proposed rule change to adopt new NASD Rule 2315, which requires members to review current issuer information prior to recommending a transaction to a customer in an over-the-counter ("OTC") equity security. Additionally, the proposed rule change would amend NASD Rule 6740 to permit members to submit a certification to the Association that states that the member has conducted a review of specified information and has fulfilled its SEC Rule 15c2-11 obligations for documents that currently reside on the SEC's Electronic Data Gathering and Retrieval System ("EDGAR") database.
*Excluding Exhibits 2-4
| Text of proposed rule change* | (PDF 129 KB) |
| Federal Register Notice | (PDF 43 KB) |
| Extension Letter | (PDF 3 KB) |
| Extension No. 2 | (PDF 3 KB) |
| Third Extension Letter | (PDF 3 KB) |
| Extension No. 4 | (PDF 3 KB) |
| Extension No. 5 | (PDF 5 KB) |
| Extension No. 6 | (PDF 5 KB) |
| Extension No. 7 | (PDF 11 KB) |
| Amendment No. 1 to Proposed Rule Change | (PDF 69 KB) |
| Federal Register Notice of Filing of Amendment No. 1 | (PDF 61 KB) |
| Eighth Extension Letter | (PDF 8 KB) |
| Amendment No. 2 to Proposed Rule Change | (PDF 9 KB) |
| Approval Order | (PDF 50 KB) |
| Correction to Approval Order | (PDF 20 KB) |