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 |
|---|---|---|---|
| Oct 26, 1998 | Interpretive Letter to Jack Hodges, William O'Neil + Co, Inc. | Marketplace Rules | NASD Rules 6950-6957 (OATS) |
| Sep 16, 1998 | Interpretive Letter to Brian C. Underwood, A.G. Edwards & Sons, Inc. | Conduct Rules | NASD Rule 2420 - Dealing with Non-Members |
| Jul 30, 1998 | Interpretive Letter to Dawn Bond, FSC Securities Corporation | Conduct Rules | NASD Rule 2210 - Communications with the Public |
| Jul 30, 1998 | Interpretive Letter to Charles R. Hood, Instinet Corporation | Marketplace Rules | NASD Rules 6950-6957 (OATS) |
| Jul 17, 1998 | Interpretive Letter to Name Not Public | Marketplace Rules | NASD Rules 6950-6957 (OATS) |
| Jul 2, 1998 | Interpretive Letter to Kenneth E. Leopold, Neuberger & Berman, LLC | Marketplace Rules | NASD Rules 6950-6957 (OATS) |
| Jun 18, 1998 | Interpretive Letter to Daniel Schloendorn, Willkie Farr & Gallagher | Conduct Rules | NASD Rule 2710 - Corporate Financing Rule |
| Jun 8, 1998 | Interpretive Letter to Christine A. Edwards, Morgan Stanley Dean Witter & Co. | Conduct Rules | NASD Rule 2210 - Communications with the Public |
| May 27, 1998 | Interpretive Letter to Therese Haberle, Charles Schwab | Membership and Registration Rules | NASD Rule 1040 Series - Assistant Representative - Order Processing |
| May 11, 1998 | Interpretive Letter to Sandra M. Ng, Gruntal & Co., L.L.C. | Conduct Rules | NASD Rule 2210 - Communications with the Public |
| Apr 22, 1998 | Interpretive Letter to Karen A. Steighner, Brokerage Administrator Corporation | Membership and Registration Rules | NASD Rule 1030 Series - Registration of Representatives |
| Apr 9, 1998 | Interpretive Letter to Joseph McLaughlin, Brown & Wood | Conduct Rules | NASD Rule 2320 - Best Execution and Interpositioning |
| Mar 16, 1998 | Interpretive Letter to Franklin I. Ogele, Esq., Singer Zamansky LLP | Conduct Rules | NASD Rule 3010 - Supervision |
| Feb 4, 1998 | Interpretive Letter to Larry M. Kohn, L.M. Kohn & Company (Series 63 and Commission Overrides) | Membership and Registration Rules | NASD Licensing In General |
| Jan 29, 1998 | Interpretive Letter to Francis X. Stone, Esq. | Membership and Registration Rules | NASD Rule 1020 Series - Registration of Principals |
| Dec 9, 1997 | Interpretive Letter to Lee A. Pickard, Pickard and Djinis | Conduct Rules | NASD Rule 2740 - Selling Concessions, Discounts, and Other Allowances |
| Nov 26, 1997 | Interpretive Letter to Laura Moret, American Express Financial Corporation | Conduct Rules | NASD Rule 3010 - Supervision |
| Nov 26, 1997 | Interpretive Letter to Laura Moret, American Express Financial Corporation | Conduct Rules | NASD Rule 3110 - Books and Records |
| Nov 11, 1997 | Interpretive Letter to Craig S. Tyle, Investment Company Institute | Conduct Rules | NASD Rule 2210 - Communications with the Public |
| Oct 26, 1997 | Interpretive Letter to Paul D. Coury, The Coury Financial Group | Conduct Rules | NASD Rule 3040 - Private Securities Transactions of an Associated Person |
| Oct 26, 1997 | Interpretive Letter to Paul D. Coury, The Coury Financial Group | Conduct Rules | NASD Rule 3030 - Outside Business Activities of an Association Person |
| Sep 25, 1997 | Interpretive Letter to David M. Katz, Sidley & Austin | Conduct Rules | NASD Rule 2420 - Dealing with Non-Members |
| Aug 29, 1997 | Interpretive Letter to Lloyd H. Feller, Morgan, Lewis & Bockius | Conduct Rules | NASD IM-3310 - Manipulative and Deceptive Quotations |
| Aug 29, 1997 | Interpretive Letter to Lloyd H. Feller, Morgan, Lewis & Bockius | Conduct Rules | NASD Rule 2120 - Use of Manipulative, Deceptive, or Other Fraudulent Devices |
| Aug 20, 1997 | Interpretive Letter to Peter D. Koffler, Twenty-First Securities Corporation | Conduct Rules | NASD Rule 2420 - Dealing with Non-Members |