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 Typesort descending Related Rule / Topic
Jul 18, 2001 Interpretive Letter to Joe Morkos-Doueihi, J.P. Morgan Securities, Inc. Membership and Registration Rules NASD Rule 1100 - Foreign Associates
Apr 19, 2001 Interpretive Letter to Thomas W. Hands, TradePortal Securities, Inc. Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Oct 2, 2001 Interpretive Letter to Kevin L. Palmer, WMA Securities, Inc. Membership and Registration Rules NASD Rule 1120 - Continuing Education Requirements
Feb 13, 2001 Interpretive Letter to George W. Mann, Jr., Boston Stock Exchange Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Dec 12, 2005 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
Jan 29, 2001 Interpretive Letter to Dennis Roth, Chesapeake Securities Research Corporation Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Jan 19, 2001 Interpretive Letter to Richard Bennett, Signal Securities, Inc. Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Jul 29, 2010 Interpretive Letter to Michael Brennan Membership and Registration Rules NASD Rule 1020 Series - Registration of Principals
Aug 14, 2000 Interpretive Letter to Mr. Edward Balsmann, Morgan Keegan & Company, Inc. Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Jan 27, 1999 Interpretive Letter to Karin Wolman, Esq., Wilders & Weinberg, P.C. (Research Personnel) Membership and Registration Rules NASD Licensing In General
Aug 14, 2000 Interpretive Letter to Ms. M. LaRae Bakerink, Pacific American Securities, LLC Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
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
Aug 11, 2000 Interpretive Letter to David M. Rappaport, Esq., INVESTACORP Inc. Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Nov 1, 2000 Interpretive Letter to Ms. Joanne Ferrari, Weeden & Co., L.P. Membership and Registration Rules NASD Rule 1020 Series - Registration of Principals
Jul 19, 2000 Interpretive Letter to Stephen M. Vine, Esq., Akin, Gump, Strauss, Hauer & Feld, L.L.P. Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Oct 2, 2000 Interpretive Letter to Allan H. Pessin, Securities Compliance Consultants Inc. Membership and Registration Rules NASD Rule 1020 Series - Registration of Principals
Apr 22, 1998 Interpretive Letter to Karen A. Steighner, Brokerage Administrator Corporation Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Dec 23, 1999 Interpretive Letter to Karen A. Steighner, Brokerage Administrators Corporation (includes attached incoming letter) Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Oct 2, 2000 Interpretive Letter to Janna R. Severance, Esq., Moss & Barnett Membership and Registration Rules NASD Rule 1020 Series - Registration of Principals
Jun 19, 1997 Interpretive Letter to Bill T. Singer, Singer Zamansky LLP Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Nov 11, 1999 Interpretive Letter to Andrew Gotfried, Raymond James Financial Services Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Jan 29, 1998 Interpretive Letter to Francis X. Stone, Esq. Membership and Registration Rules NASD Rule 1020 Series - Registration of Principals
Jul 19, 2000 Interpretive Letter to Joanne Ferrari, Weeden & Co., L.P. Membership and Registration Rules NASD Rule 1040 Series - Assistant Representative - Order Processing
Feb 19, 1997 Interpretive Letter to Name Not Public Membership and Registration Rules NASD Rule 1020 Series - Registration of Principals
Aug 2, 2001 Interpretive Letter to Conrad C. Lysiak, Esq., Metropolitan Financial Center Procedural Rules NASD Rule 8300 Series - Sanctions

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