Interpretive Letters
All interpretive positions are staff position, unless otherwise indicated. Staff-issued interpretive letters express staff views and opinions only and are not binding on FINRA and its Board; any representation to the contrary is expressly disclaimed.
The letters provide general guidance on the staff's views as to the application of particular NASD rules under specific circumstance.
Members, associated persons, and their counsel should consider seeking further guidance regarding their own unique circumstances.
Date |
Title | Type | Related Rule / Topic |
|---|---|---|---|
| Jun 4, 2001 | Interpretive Letter to Lena M. Stinson, Stanford Group Company | Conduct Rules | NASD Rule 3010 - Supervision |
| May 25, 2001 | Interpretive Letter to Name Not Public | Conduct Rules | NASD Rule 3370 - Prompt Receipt and Delivery of Securities |
| May 25, 2001 | Interpretive Letter to Name Not Public | Conduct Rules | NASD IM-2420-2 - Continuing Commissions Policy |
| May 15, 2001 | Interpretive Letter to Charles Freund, Brown Brothers Harriman | Conduct Rules | NASD Rule 3220 - Adjustment of Open Orders |
| Apr 27, 2001 | Interpretive Letter to Name Not Public | Conduct Rules | NASD Rule 3370 - Prompt Receipt and Delivery of Securities |
| Apr 19, 2001 | Interpretive Letter to Thomas W. Hands, TradePortal Securities, Inc. | Membership and Registration Rules | NASD Rule 1030 Series - Registration of Representatives |
| Mar 18, 2001 | Interpretive Letter to Klia Ververidis, Esq., AssetStream Corporation | Conduct Rules | NASD Rule 2110 - Standards of Commercial Honor and Principles of Trade |
| Mar 14, 2001 | Interpretive Letter to Charles Wiegert, NFP Securities | Conduct Rules | NASD Rule 3060 - Influencing or Rewarding Employees of Others |
| Mar 8, 2001 | Interpretive Letter to Jay Adams Knight, Esq., Musick, Peeler & Garrett LLP | Conduct Rules | NASD Rule 2420 - Dealing with Non-Members |
| Mar 7, 2001 | Interpretive Letter to Name Not Public | Conduct Rules | NASD Rule 2830 - Investment Company Securities |
| Mar 7, 2001 | Interpretive Letter to Name Not Public | Conduct Rules | NASD Rule 2820 - Variable Contracts of an Insurance Company |
| Feb 13, 2001 | Interpretive Letter to George W. Mann, Jr., Boston Stock Exchange | Membership and Registration Rules | NASD Rule 1030 Series - Registration of Representatives |
| Jan 29, 2001 | Interpretive Letter to Dennis Roth, Chesapeake Securities Research Corporation | Membership and Registration Rules | NASD Rule 1030 Series - Registration of Representatives |
| Jan 23, 2001 | Interpretive Letter to Isaac Schlesinger, Bishop, Rosen & Co., Inc. | Conduct Rules | NASD Rule 2440 - Fair Prices and Commissions |
| Jan 19, 2001 | Interpretive Letter to Richard Bennett, Signal Securities, Inc. | Membership and Registration Rules | NASD Rule 1030 Series - Registration of Representatives |
| Jan 16, 2001 | Interpretive Letter to Stuart M. Strauss, Esq., Mayer, Brown & Platt | Conduct Rules | NASD Rule 2830 - Investment Company Securities |
| Dec 22, 2000 | Interpretive Letter to Barbara A. Mallon, Esq., Mallon & Johnson, P.C. | Conduct Rules | NASD Rule 2110 - Standards of Commercial Honor and Principles of Trade |
| Dec 11, 2000 | Interpretive Letter to Brian C. Sullivan, LaBranche & Co. | Membership and Registration Rules | NASD Rule 1060 - Persons Exempt from Registration |
| Nov 27, 2000 | Interpretive Letter to Angela Coronado, Brecek & Young Advisors, Inc. | Conduct Rules | NASD Rule 3110 - Books and Records |
| Nov 1, 2000 | Interpretive Letter to Ms. Joanne Ferrari, Weeden & Co., L.P. | Membership and Registration Rules | NASD Rule 1020 Series - Registration of Principals |
| Oct 27, 2000 | Interpretive Letter to Mr. Alan E. Sorcher, Securities Industry Association & Ms. Sarah A. Miller, ABA Securities Association | Membership and Registration Rules | NASD Rule 1070 - Qualification Examinations and Waiver of Requirements |
| Oct 16, 2000 | Interpretive Letter to Justine Rusin, Merit Capital Associates, Inc. (Use of Negative Response Letters) | Conduct Rules | NASD Rule 2110 - Standards of Commercial Honor and Principles of Trade |
| Oct 12, 2000 | Interpretive Letter to Eric A. Arnold, Esq., Sutherland Asbill & Brennan LLP | Conduct Rules | NASD Rule 2820 - Variable Contracts of an Insurance Company |
| Oct 2, 2000 | Interpretive Letter to Allan H. Pessin, Securities Compliance Consultants Inc. | Membership and Registration Rules | NASD Rule 1020 Series - Registration of Principals |
| Oct 2, 2000 | Interpretive Letter to Janna R. Severance, Esq., Moss & Barnett | Membership and Registration Rules | NASD Rule 1020 Series - Registration of Principals |