finra

FINRA

For Release:
Contact:
Wednesday, August 22, 2001
Nancy Condon
202-728-8379


 

NASD Board of Governors Approves Bond Transaction Reporting Committee

Washington, DC— The Board of Governors of the National Association of Securities Dealers, Inc. (NASD®) has appointed eight industry professionals to the newly created Bond Transaction Reporting Committee. The committee is tasked with analyzing the impact that public dissemination of corporate bond prices has upon market liquidity and the recommendation of additional corporate debt securities for public dissemination via the Trade Reporting and Compliance Engine, TRACESM. These individuals will bring a variety of perspectives and expertise in working with the NASD in determining the securities to be disseminated in subsequent phases.

 

Nominations to the committee came from both the NASD and The Bond Market Association. Named to the Committee are:


A. James Jacoby, Executive Vice President, Tradition Asiel Securities Inc., Committee Chair
Alan S. Bartlett, Director of Customer Trading Services, Pershing Inc.
Stanley J. Becchetti, Vice President of Manager of Taxable Fixed Income, A.G. Edwards & Sons
Jane D. Carlin, Managing Director and Counsel, Morgan Stanley
H. Robert Foerster III, Managing Director, Dain Rauscher Inc.
William James, Director of Corporate Bonds, Lazard Freres & Co.
Joseph McGrath, Managing Director in High Yield Capital Markets, Goldman Sachs
Edward A. Wiese, Vice President and Senior Portfolio Manager, T. Rowe Price Associates

 

On January 23, 2001, the Securities and Exchange Commission approved proposed rules that will require NASD members to report over-the-counter secondary market transactions in eligible fixed income securities to the NASD and also subject certain transaction reports to dissemination.

 

The NASD is the largest securities industry, self-regulatory organization in the United States. It is the parent organization of NASD Regulation, Inc.; the American Stock Exchange, LLC; and NASD Dispute Resolution, Inc. For more information about the NASD and its subsidiaries, please visit the following Web sites: www.nasd.com; www.amex.com.